Hi All,
Relax, do not believe the spod price dropped. AKE just announced this morning the SC5.2 price as below.
Spodumene sales of 21,553 dmt generated revenue of ~US$123 million4 with a gross cash margin
of 81% based on an average sales price of US$5,702 /dmt CIF for SC 5.2%, which corresponds to
approximately US$6,500 /dmt on a SC6 CIF basis, up 8% QoQ and above prior guidance. Pricing in
the June quarter is expected to be approximately US$5,000/dmt CIF SC.
We will be the best printing money very soon - we will be the bank that generates huge cash flow and juicy dividend. That is why ALB wants us. Do not give up your cheap share to them. With average $US5000/ton SC6, our share price will be easily north $20 when we produce 2 millions ton/annum.
ASX Today, page-29172
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