Fy25 guidance was $800-890/tonne FOB. Same as wodgina. The Q1 quarterly advised they were meeting guidance.
current Spod 6% pricing is at US$870 CIF. So bald hill making a small profit.
im of the opinion this C&M is a sign they are unsure where Spod prices are going. This is a hedge against it going lower so they can keep wodgina open longer. Maybe wodgina is harder to restart or making better margins.
Spod prices have rebounded from a low of $750 a few weeks ago to now 870. I believe it will need to sustain a price of over $950/1000 a tonne before they reopen bald hill.
Ann: Bald Hill Operations and Mineral Resources Update, page-63
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