Butcherboy, The difference is twofold. These spot prices are for "Battery" grade. ORE produced very little battery grade in the last quarter. I would guess >5% if that. It was virtually all it's so called "primary" grade which obviously sells at a lower price. Secondly prices quoted are FOB and the fastmarket spot price is cif. It is interesting in, I think the second last Q&A, the question was asked re the "all in" cost of production and the answer from Neil was around $5000 so if ORE is expecting $5000 there doesn't seem to be much flowing to the bottom line.
P
ORE Price at posting:
$2.73 Sentiment: Hold Disclosure: Held
