Interesting way of looking at things.
As you have mentioned many times - 90% of LTR’s product is tied up in offtakes for the first 5 years of production. That’s if LTR does actually reach nameplate as planned.
Long term price weakness expectations as indicated by peers C&M, redundancies and expansion curtailment suggest LTR will HAVE to accept the price floors put in place for its offtakes.
If it’s accepting price floors - that also suggests the price reached on market for the “remaining” 10% would be lower than that.
Given that costs are calculated as an average assumption for the first 10 years - starting very high and then reducing.
Marginal wether it would be worthwhile producing the 10% at all.
Cheers
DYOR IMO
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Last
79.0¢ |
Change
-0.020(2.47%) |
Mkt cap ! $1.915B | |||
| Open | High | Low | Value | Volume |
| 80.0¢ | 80.0¢ | 78.5¢ | $4.009M | 5.061M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 24950 | 79.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 79.5¢ | 660225 | 25 |
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| Last trade - 11.58am 23/08/2024 (20 minute delay) ? |
| LTR (ASX) Chart |