I used to be good with numbers - if I had to work out how this works I'd fail miserably - clear as mud - I concur. The only thing for certain is that as TC's drop, the average NCZ has to pay should also drop due to whatever arrangements they have with the combined sales - question is - to what extent.
Love the hussle and tussle of murky waters of commodity pricing mechanisms - never a clear cut answer - an accountants' dream, uhmm or was that nightmare.
NCZ Price at posting:
18.5¢ Sentiment: Hold Disclosure: Held