However, with 25% of the production offline, the actual margin should be about 450 usd per tonne at current prices with full production.
ie: additional 100000 tonnes of production at 650 usd gross margin gives u 65mil usd.
132mil+65mil =197mil.
197mil divided by 450000 tonnes gives about 450 usd margin. However this is assuming gross margins are 650 usd. Also assumes that production is 450k tonnes, with furnace convertion it should be 500k tonnes.
earnings in 2023 is well on track to reach 250mil-350mil.
Ann: Extension to Offer to Acquire 25% Interest in Malaysia, page-19
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