first school of thought was to take what we had in Q3 and bump it by 200 since spot price went up 200 this would put our JV sales price at $850/t
Fair assumption the only thing I would add is the estimated actual price recieved was $US706t so if we add $200 to that you get $US906t , QPs work for or against us depending on which way the price is heading but it averages out over time. Anything between $US 850-900t should cover it IMO.
Cheers Whisky
Q4 Earning Discussion Area, page-60
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