The shorters spread Core is equivalent to Atlas Iron at 2015 to 2016.
I had been through that period and can confirm it was totally different.
(AUD) Core Now Atlas 2015 1 Cost price $900 per ton of SC $50 per ton of Iron Ore 2 Major supplier cost price $700 to $1000 per ton of SC $20 per ton of Iron Ore 3 Product spot price $2,000 $45 4 Debt 0 $267Million
I am not sure about other lithium stocks, but Core is definitely in the better position compared to last few quarters. Even if SC6 price dropped to $900 AUD per ton, Core will be still here patiently waiting for the SC6 back up to $5000AUD level and making huge profit.
The share price now is ridiculously attractive. I believe this is due to the information gap. Had been in the ASX market since 2006 and this kind of opportunity is very rare.
Just imo, please DYOR.
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