Lol Jan, if we use Patto's CoP @ $24kg and JPM's "realised" prices for 2013 @ $25kg we get $1kg to put towards overhead.
JPM are using $22kg, less shipping & royalties, so that looks better @ $3kg.
JPM does start to improve next year with $27 - $16 = $11kg & FY15 $30 - $16 = $14kg.
Interestingly Molymess's realised price in the Sept Q was $25.02 when their basket was nominally $33kg and from the preliminary 8-K data released for their CR it looks like the Dec Q will be a realised price of $19kg against a basket of $25kg. 20 days to Molymess's Q4 results, compulsory viewing I'd suggest.
LYC Price at posting:
59.5¢ Sentiment: LT Buy Disclosure: Held
