cafa. i think 28 was a couple of weeks ago. more like 26...

cafa. i think 28 was a couple of weeks ago. more like 26 today.

to make matters worse, the metal-price is like RRP - recommended retail price.

as pointed out by ausheds, the real life trade price is even less. JPM had an analysis using 28 when the basket price was 38..... or something like that.... cannot remember but the gist of it is as I have described.

LYC only has a skinny margin to work with but really in modern supercompetitive times like this, skinny margins are the norm. sp in the medium term will never rocket. best it will do is a steady climb but very very slow.