Profitable ??

mustpow

I saw you comments on the July presentation, you sound like you know a bit about pricing.
I'm still trying to get my head around this so hope you can help.
With cost at $170 for concentrate and quoted sales for APT is $230, wheres the profit ?
I thought there is a ratio of about 70% on concentrate to get to a APT price - so 1 mtu of concentrate really only gets you about 70% of the APT price.
Is this correct ? need some info before I jump in