General Discussion Topics, page-138944

"ltr are to start production this year at 500kt , sya producing now ramping up to probably 200kt later this year."

When comparing SYA with other companies you need to keep things real, NAL is ramping up to 200,000tpa later this year and hopefully higher, but SYA as a JV partner only receives income on a net 67,000t of the unallocated portion of that 200,000tpa at spot prices, plus any margin left between costs and the OTA commitment prices which are around $US800t for 5.5%.

As for LTR they begin their ramp-up this year and as a producer then will face the same issues all new producers face , the cost of production during ramp-up vs prices recieved , they seem priced for perfection at the moment in a market thats far from perfect , it will be interesting to see how their valuation holds up if Spod prices remain near current levels.

Cheers Whisky