Production costs are approx AUD$1250p/t or USD$820, then the JV partner picks up 25% of production leaving cost per ton approx USD$615, then the spot price currently approx USD$1000 so a little under USD$400 profit or AUD$610 per ton on anything sold outside of the offtake agreement?
Have I got that right or have I got it twisted?
Production costs are approx AUD$1250p/t or USD$820, then the JV...
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