I estimate the 113m in receipts archive about in excess 70% gross margins..i think research/investment banks have accounted for massive drop in Lithium price.. if Lithium can remain above usd$3000 for spod conc.. I think you still achieve reasonable margins at revised unit costs around $1200/t.
i think prices can hold.. in FY24.. ie. China EV subsidies extended.. by 70bn.. GS had factored them ended.. China battery demand to improve reliability of their power generation I think that is going kick.. I think the drop prices is worries from softening China economy.. but the government is going to stimulate the economy to try avoid this
Banter and general comments, page-29429
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