Current spot is RMB 97000 which is US$13500.
GLN at 70% of this and $4000 opex is 0.7*13500-4000 = $5450*5.4 production = $29m profit before tax and interest.
Loan amount seems to be $90m so say interest is $9m p.a. at 10% leaves US$20m for GLN.
This is at a current price which does not provide incentive for future production. But stil very profitable.
Glencore has US$4050 per ton for their part. Whether this is incentive enough I am not sure but the % could be adjusted between GLN and Glencore to provide enough profit for both.
General Discussion Banter GLN, page-14268
-
- There are more pages in this discussion • 1,581 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add GLN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
11.5¢ |
Change
-0.002(1.71%) |
Mkt cap ! $58.26M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.5¢ | 11.0¢ | $427.1K | 3.642M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 877015 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 190344 | 1 |
View Market Depth
| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| GLN (ASX) Chart |