SP is stagnant after this ann. I don't really get why. Sure the C1 costs for the Q will be a bit high because of the high waste/ore ratio and the 12 days downtime due to plant failure but that has all been explained in the announcement. There is stockpiling of drums for sale to CNNC in April (which will be at spot price on their 25% pro-rata entitlement) and further "delivery of volumes into defined price contracts". Additionally the Bicarbonate recovery plant has just been commissioned (the benefits will not be seen until the next Q) and is working twice as well as planned - hence even greater reduction to the C1 costs.
SP is stagnant after this ann. I don't really get why. Sure the...
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