AEV avenira limited
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Imo mak would even be profitable(assuming opex $110au) at a rp...

  1. Browny
    893 Posts.
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    05/10/08
    10:31
    Post #: 4346015
    Imo mak would even be profitable(assuming opex $110au) at a rp price of US$80/t, when you take into account exchange rates and a $30-40/tonne freight advantage over Morocco which would be factored into prices. I suspect with a rail link to Tennant creek in place and 6mt/y even a rp of US$60/t would still make mak profitable at current exchange rate and added freight advantage. Mak will also be a politically correct supplier of rp, this may or may not give a $$ advantage but if prices are the same why buy from Morocco.

    AEV Price at posting: 82.8¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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