yep its looking great DJ1.. 15c? quite possibly yes, i'm a buyer at that price. just sit back and enjoy the show
am staggered that the price of IO is up to $135/tonne. this cant last at those levels in this market.
so assume it drops to $100/tonne (that's 26% drop from here), and assume the AUD in correlation drops to US$0.75 given we are a commodity currency. so $100/tonne gives PLV a price of $130/tonne converted to AUD is AUD$173/tonne with an opex around AUD$73/tonne. Still stacks up..
cheers SuperTim
PLV Price at posting:
16.7¢ Sentiment: LT Buy Disclosure: Held