Sales and marketing costs include royalty payments, freight/shipping costs to the smelters in Malaysia and Thailand and charges from those smelters to convert the tin concentrate sold into tin bars. So the $15m on $100m of sales is ~15% of charges.. it is materially higher than the ~10% historically which is interesting.
This point is interesting too… not sure how it will be received given APAC/China etc relationships. But China needs concentrate.
Sales and marketing costs include royalty payments,...
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43.0¢ |
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Change
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