Im basing the zircon price on approx 66% of the weighted avg obtained by Illuka.This is entirely an estimate as we've not been told about the economics of this product.
The benefit to a buyer in the event of using 15% kaolin replacement (as mentioned in the quarterly) could be:
$/ t = (3000aud/t*.85) x (1800aud/t*.15)Or $200/t reduction. Which over the hypothetical volume is $10m
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-63
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