The AU$ dropped by a huge whack overnight. It does look like a solid downturn backed by the RBA and most of the exporters in Aus.
Do some 'what ifs' at 85c 75c and 66c - all of a sudden even with current BP, and a high COP, 11, or 22kt becomes a lot more profitable.
REE prices UP, or the AU$ DOWN, preferably both will change the bottom line dramatically.
Keep an eye on the AU$, estimate where it will be in 6 months time and do your numbers. Discount back to your own valuation.
The AU$ dropped by a huge whack overnight. It does look like a...
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