You just blew my mind. Effectively we're saying there's a $4 + labour + utilities cost in making this stuff. Then we on sell that for $40, give or take a few dollars.
If there's 750 tones extra that are sold, conservatively we can expect $30 per kg extra to drop to the bottom line... Or 22.5m...
Very rough of course, but 160m MC does not seem expensive in this scenario.
Ann: ANO Investor Presentation Update, page-53
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