I agree with most of what you have written. The margin for recent 26ish Kt for the q should be known soon. Not disputing the 200pt margin but do recall DFS extraction costs at US 125 pt...so my question is ..was that calculated for current or future production....apologies in advance for not digging it up and reading myself.
if margins are closer to 300pt then the future looks very good once ramping kicks in next q.
and yes, the walls were real and very typical given the previous highs over the last 12 months. 20c is last bastion. next few trading days should be revealing
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