@Trentp No point speculating until we find out the details. There is also the quarterly to consider. SYR have already stated they have sales/shipments of 54kt this quarter with ~5kt at Nacala to be further shipped this month (Sept). 59kt will be a record shipment in a qtr. With the large increase in graphite prices earlier this year, the more backlog we ship, the higher the weighted average price will be. Last qtr it was $662 up from $573 the previous qtr. With cheaper shipping prices all bodes well. They started the last qtr with a 90kt order book.
So this qtr we should see another record shipment with average sale prices up again, average shipping prices down again and the economy of scale of the mine in full bloom reducing the C1 cash costs. They "only" produced 38kt last qtr but started with 30kt in the inventory leaving ~9kt left so add another 21kt on top of sales to get the inventory level back to 30kt meaning we should also see a new massive production record.
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@Trentp No point speculating until we find out the details....
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