PFS was made on the basis of CYN$30 (US$4.76).this is tracking...

PFS was made on the basis of CYN$30 (US$4.76).

this is tracking well, and the consortium in China is protecting this price from volatility. This is all good. Up 20% from Jan prices and stable (unlike other volatile commodities)lastly

the Forex is another variable, went up 10% over assumption used in PFS, but just when we started exportingcame down to AU$ 0.72 USD, so very close to plan, I.e. AU$ 0 70. All good again.

Lastly we have the bloody shipping costs affecting the whole fu...ing world, and we are not exception as don't own vessels.

temporarily this affect suppliers while they absorb, unil they say fu.. it, the buyer wants it, the buyer pays (or shares the extra charges). So well done E25 to delay a month the delivery with the agreement of a very comprehensive OMH. Clap clap

this should be temporarily, if not resolved prices of all commodities will go up as the sellers tag in the extra BS shipping cost.

Bulk vessels are not affected as much as the idiotic container vessels.

given we only to go to Malaysia/China, extra cost is likely 20%, not 100% like going to USA.

my question is what happened to the clause of getting paid upon delivery to port... is this clause not being used?

I can see a great relationship with OMH. And hey, they supply to Posco, they have connections, the Koreans are going big in the USA (SK-Ford committed today to $10B 120 GWh plants in USA....

posco....basf...