@Bunn-Wackett , what they quoted US$651/ton is 10yr average cash cost, 10 years.
What I quoted from Bell Potters latest research is 2025 based on Expenses (excluding Depreciation) divided by production tons of SC6 , it is an inferred cost per ton. But I didn’t include tantalum.
Bell Potter had SC6 pricing at USD1400 for 2025 rather generous but won’t be the case under a recession scenario.
