6c based on $14k/t... even the reports states this is very conservative and not likely to reflect actual prices. P1 ready in (hopefully) mid 2024, chart below for reference, even those are still v. v. conservative.
Good to see a rough figure on byproducts however. SOP at $1200/t spot currently, looks like even byproducts are conservatively priced.
Going to echo other prominent posters here as take the punt on >15c w operational P1.
Research, page-8
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