I'd say increase throughput reduced fixed costs.
There are positives to take out of this ann.
There is a $310 spread between CIF and FOB. Freight should be 10-15 out of this so that is 300/mt margin (incl royalties) which is mighty nice.
If this is near the bottom of the prcing cycle then there is plent of reason to buy into PLS from a long term investment.
Commodity markets eb and flow. You can't expect record high prices all the time, it just not realistic. The stress test come from pricing downturns and PLS seems to fare very well.
I'd say increase throughput reduced fixed costs.There are...
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Last
$4.17 |
Change
-0.020(0.48%) |
Mkt cap ! $12.55B | |||
| Open | High | Low | Value | Volume |
| $4.21 | $4.23 | $4.13 | $71.64M | 17.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 197923 | $4.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.17 | 49336 | 3 |
View Market Depth
| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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Last
$4.15 |
Change
-0.020 ( 1.27 %) |
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| Open | High | Low | Volume | ||
| $4.21 | $4.23 | $4.13 | 4057040 | ||
| Last updated 15.59pm 07/05/2024 ? | |||||
| PLS (ASX) Chart |