A broken clock is correct twice a day.
While they were talking the already downward marco down a critical issue came to light.
JZ calls us only the second ASX producer. I think that's a really long bow. We need to get producing at some scale.
If we were producing at some scale we would move out of spec area and have a floor value. At the moment we have no floor becasue we have not proven we are a producer in the eyes of the market.
According to my calculations with the MOST conservative settings including wars, down trends, cycles etc my calculation is our floor with at least 80% operational throughput should be approx 23c. That should be our bottom with everything worse case or down cycled.
As we can see the market doesnt think that yet.
imo
dyor
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