Interesting way of looking at things.
As you have mentioned many times - 90% of LTR’s product is tied up in offtakes for the first 5 years of production. That’s if LTR does actually reach nameplate as planned.
Long term price weakness expectations as indicated by peers C&M, redundancies and expansion curtailment suggest LTR will HAVE to accept the price floors put in place for its offtakes.
If it’s accepting price floors - that also suggests the price reached on market for the “remaining” 10% would be lower than that.
Given that costs are calculated as an average assumption for the first 10 years - starting very high and then reducing.
Marginal wether it would be worthwhile producing the 10% at all.
Cheers
DYOR IMO
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Last
80.5¢ |
Change
0.020(2.55%) |
Mkt cap ! $1.952B | |||
| Open | High | Low | Value | Volume |
| 82.5¢ | 83.0¢ | 80.0¢ | $14.75M | 18.10M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 206368 | 80.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 81.0¢ | 5649 | 3 |
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| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| LTR (ASX) Chart |