If that were the case, EBITDA should be a function of tonnes sold, as price is fixed.
However if we look at the EBITDA each quarter (Q1 to Q4: 648, 392, 448, 268) and tonnes sold (Q1 to Q4: 2.2, 2.1, 2.6, 2.4), the variance can't only be explained by tonnes sold.
For example: Q3 is February to April, which should have 2 months old JRP and 1 month new JRP. But EBITDA is well down when adjusted for higher volume.
Ann: Quarterly Activities Report, page-24
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Last
$4.62 |
Change
-0.060(1.28%) |
Mkt cap ! $3.905B | |||
| Open | High | Low | Value | Volume |
| $4.67 | $4.68 | $4.58 | $8.593M | 1.857M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 13552 | $4.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.64 | 4938 | 2 |
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| NHC (ASX) Chart |