"A floor price of US$1000 would be very favourable for the volume producers, and should also allow most of the smaller producers to make a dollar."
Probably not so, it depends on the production split. If the grand a tonne is for medium, large and jumbo flake and the production split is 40% (low value) fines and 60% the high value mineral and the COP is in the vicinity of $500 per tonne as it may be with the juniors then the company is likely unprofitable. The grand a tonne only works for low COP and split of around 80% high value product.
TON Offtakes, page-17
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