If E25 was delivering a 31% Mn product, a A$201/t cost and an exchange rate of 0.70 would be US$145.7/t and US$4.54/dmtu. If E25 was delivering a 33% Mn product, a A$201/t cost and an exchange rate of 0.70 would be US$145.7/t and US$4.26/dmtu.
Both are higher than E25 projected pre-startup because E25 has a significantly fixed cost and isn't getting the volume that would (will) come with Nameplate.
E25 Price at posting:
77.0¢ Sentiment: Buy Disclosure: Held
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