Interesting way of looking at things.
As you have mentioned many times - 90% of LTR’s product is tied up in offtakes for the first 5 years of production. That’s if LTR does actually reach nameplate as planned.
Long term price weakness expectations as indicated by peers C&M, redundancies and expansion curtailment suggest LTR will HAVE to accept the price floors put in place for its offtakes.
If it’s accepting price floors - that also suggests the price reached on market for the “remaining” 10% would be lower than that.
Given that costs are calculated as an average assumption for the first 10 years - starting very high and then reducing.
Marginal wether it would be worthwhile producing the 10% at all.
Cheers
DYOR IMO
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Last
81.0¢ |
Change
-0.030(3.57%) |
Mkt cap ! $1.964B |
Open | High | Low | Value | Volume |
87.0¢ | 87.0¢ | 81.0¢ | $16.55M | 19.81M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 42000 | 81.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
82.0¢ | 70880 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 42000 | 0.810 |
10 | 612278 | 0.805 |
26 | 390037 | 0.800 |
8 | 560614 | 0.795 |
9 | 461218 | 0.790 |
Price($) | Vol. | No. |
---|---|---|
0.820 | 70880 | 3 |
0.830 | 58500 | 3 |
0.835 | 12000 | 1 |
0.840 | 132000 | 3 |
0.845 | 27731 | 2 |
Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
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