***Repost with images***
REO pricing evidently not the cause of the recent movement.
Almost 20c shed and the estimate revenues and my estimates for rough ebitda on 4000ppm head grade largely the same as last week and the 2 weeks prior.
Market doing market things. 39M MC seems low for a project at the lower end of the cost quartile for production. Even at todays spot prices seems like it's viable.
If the bottom isn't now, then next up from technical perspective next up is 50c then 43c.
Not sure where that bottom is but getting quite low from a fundamental perspective - IMHO.
SF2TH
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