Maybe for conventional mines the LT contract price does, but not for all mines.
At 100% increase ALL mines become very profitable and I dare say if the spot was that high then the LT contract price will be higher again.
An increase is coming, but will it be too late for some? PEN is positioned ok for now cushioned by the early LT Contracts and even small increase in the spot they are ok. A 100% increase they kill the pig...as would we all.
Only one commodity has escaped the total collapse in prices, page-3
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Last
10.0¢ |
Change
-0.005(4.76%) |
Mkt cap ! $318.5M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.5¢ | 10.0¢ | $343.9K | 3.411M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 82 | 9087780 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 3667814 | 22 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| PEN (ASX) Chart |