It is correct that Anthony stated the expectation on the 2018 pricing will follow a similar historical improvement as we have seen previously. He refrained from providing any figures as they are still in discussion.
2016 contract was US $600/T
2017 contract is US $845/T
That is an uplift of 40% from 2016 to 2017.
Based on his comments, we could see a figure of US $1,180/T, if the uplift is 40% again.
Also to note, the 2017 commitment was 120KT of product. They are looking at 180-200KT commitment next year, plus some for the spot market, plus some by tolling to increase profits even further.
As a side note, Anthony, Alan and Brian are absolute weapons. So glad they're heading GXY.
M92
- Forums
- ASX - By Stock
- GXY
- Ann: Quarterly Report Release Date
Ann: Quarterly Report Release Date, page-124
-
- There are more pages in this discussion • 47 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GXY (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online