The majority of production from most miners, and ozl is no exception, are sold on long term contracts, and only surplus to stockpiles is sold on the spot price market.
The only people the spot price affects are the analysts, they freak out and advise clients with every price movement.
In summary, spot price has little actual effect for miner bottom line, only small and start up producers have any volume of total production going to spot market.
Steve
The majority of production from most miners, and ozl is no...
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