Looks like we've started to receive a premium for Green Gold. My assumption is that BGL receives 2% premium, after I saw that it retails for around 6.8% above spot.
Though I doubt they'll give us clarity on 'how much' was sold at a premium, unless it becomes significant. Eg. 1koz sold at 2% premium, and 39koz sold with no premium (if there was demand for 1koz of Green Gold) would equate to $100/oz premium for the Green Gold, but $2.5/oz averaged out over the full 40koz. Or in other words, $100k revenue boost for the quarter (vs around $60m free cashflow. The main assumptions are: demand of 1koz for the Green Gold, and 2% premium for us). If there was demand for the full 40koz as Green Gold, it would boost revenue/cashflow by $4m.
Now that we've reached net zero, there's potential for the demand for the Green Gold to increase, as ABC / SMO can promote it further.
But I don't even know if the demand is above or below 1koz.
I'm imagining it's small, and they'd find it embarrassing to clarify it further, if it was 'a goal' that has 'become a reality' but it was <$100k boost vs >$60m free cashflow.
It would be nice if there's more significant market demand, but I could not say.
BGL Price at posting:
89.8¢ Sentiment: Buy Disclosure: Held
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