yep, futures hammered.
130 price + 40 pellet premium at 70c aud give around 240 aud per tonne, production costs around $100 give us 140 approx profit.
this is around 85 mill a quarter or 340 mill a year… big reduction but still a very profitable business..
Don’t think this will last and think spot prices will bounce soon, we will see!
all my opinion and definitely not advice.
yep, futures hammered. 130 price + 40 pellet premium at 70c aud...
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