Current prices don't guarantee future prices.
In a time of "oversupply sentiment", auctions should not obtain prices higher than contracted ones. And last autions were at $1,200 USD/ton. Prices haven't been below 1,000 USD/ton after Chinese New Year. Pretending to calculate benefits for the months ahead with selling prices below 1,000 USD is unrelated to market conditions.
Moreover, LTR will place a premium product in the market (China-free compliant) so its selling price should be higher.
Especially during ramp up, you have fotgotten than LTR has piled up raw material for plant tuning and ramping up. Therefore in the first months mining costs should be deduced from total costs. First SC6 shipments will come from that already mined material.
Could you please reformulate your assumptions considering these topics? That will give the audience a less biased conclusion.
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