Hi pfeifer, yep a bit too early to compare and TON probably isn't the right comparison.
If the results for ADV are a high percentage of jumbo to super jumbo, then you need to compare to MNS who have large quantities of both these sizes. MNS also have a 5 & 10yr binding offtakes totalling $2.9B...
While TON does have large to jumbo in their mix, it is in low quantities at the moment.
Initial Results Show 'Super-Jumbo' Flake Size, page-9
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