Clever price structure I think. Would always prefer it to be lower, but gives BHP an incentive not to run the mine down on quality of output. Note that it's price received, not benchmark price. Otherwise BHP could have just mined the highest quick wins until June.
Ann: Trading Halt, page-57
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$6.72 |
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| Open | High | Low | Value | Volume |
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|---|---|---|
| $6.76 | 27023 | 2 |
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