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Ann: June 2024 Quarterly Reports, page-13

  1. 2ic
    5,949 Posts.
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    02/08/24
    11:40
    Post #: 75042498
    The explanation was given in the June 7th Production Update, where they implemented a programme in the wet plant to increase the quality of HMC with higher VHM. The obvious way to improve HMC quality and VHM % iss to cut harder with the spirals and lower recovery imo... so, less tonnes of HMC but worth more per tonne, as we saw in the Qtrly... outcome = 13% fall in HMC vs 21% lift in HMC price.

    https://hotcopper.com.au/data/attachments/6355/6355114-3924e2fb0b2e0188c5c36db66071b510.jpg
    https://hotcopper.com.au/data/attachments/6355/6355145-c5f094f2537917b803b6c8aa1e36f87b.jpg


    STA Price at posting: 9.5¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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