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
78.8¢ |
Change
-0.018(2.17%) |
Mkt cap ! $1.909B | |||
| Open | High | Low | Value | Volume |
| 80.5¢ | 81.0¢ | 78.0¢ | $4.156M | 5.241M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 47 | 354327 | 78.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 79.0¢ | 300690 | 53 |
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| Last trade - 14.10pm 01/10/2024 (20 minute delay) ? |
| LTR (ASX) Chart |