China's fertilizer network is stating that Morocco is still $310-350USD per tonne FOB
As redcords said OPEX is expected to be a conservative $150AUD. At current exchange rates this is OPEX can be seen as $101.32USD So .... 310-350 minus 101.32 = 208.68-248.68 USD profit.
In AUD this range is 308.94 - 368.16
And the CAPEX is expected to be 107M with a built in 39M 3month OPEX. The company can pay off this CAPEX inside 6 months.
Can someone with proper number crunching skills please improve on my cocktail napkins sums and explain to me why the shareprice resembles the appendage of a small field mouse on a cold winter's morning.
rp price update., page-3
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