I don't take it as fact.. everything is taken with a pinch of salt.. some more than others, however I do get my own consensus once I read a few more reports floating around, from Citi, to Bellpotter to even the dreaded Deutsche that some people dislike (as it goes against their opinion)
But hey.. if I bought every time cannacord equity update their GXY paper with a buy rating on that day, I would have lost a tonne of money.. so yes, all taken with a pinch of salt. If I bought when MacBank put a buy rating.. I would have made $$... Funny that isn't it?? I review both sides which hopefully gives me a rounded view on the lithium space.
So from a competition point of view between MIN and GXY
MIN: $841 FOB at 6% concentrate
GXY: $905 FOB at 6% concentrate
Given we know GXY has $15 increase per 0.1% improvement of concentrate from 5.5%
If MIN were to ship 5.5% concentrate, then their price would be estimated $766 FOB.
another estimate chart
View attachment 635211
every producer seems to be trying to be a low-cost producer.. that only leads to one thing. Race to the bottom