Aus, I have no idea where the prices you quote come from: what I read from Patterson's was "Prices will be on a “China plus” basis which will be roughly in line with the published China FOB prices that are roughly 50% more than the Chinese domestic price." On that basis, as I said, there'll be a nice margin even during the ramp-up phase. Maybe that's at the core of our different views of this (calendar) year's results: what I read says most production is committed and profitable.
LYC Price at posting:
59.5¢ Sentiment: Hold Disclosure: Held
