Going off other producers of spod, they were achieving between $701-722 USD/dmt for Q4 2018 for SC6.0.
Will be interesting to see what their Q1 price is.
So taking a worse case look, if they achieved $701 US/dmt for this Quarter..
Cash margin for Q1 would be $248 US/dmt. That’s what, a 17% drop on price for the quarter?
Spod prices would have to drop on the order of 40-50% for Mt Cattlin to start being break even or slightly cashflow negative...
GXY Price at posting:
$1.64 Sentiment: None Disclosure: Held