2ic ... u talk spot sulphuric. Why dont u ask the Q if they forward bought sulphuric at a lower contract price ? When in doubt, find out ...
If CMR can run at a DECENT profit on this profit mix given all considerations, then whole mining industry is at risk and RBA will need to crunch AUD to ensure its ongoing viability.
And since demand aint gonna go away, then any reduction in production will lead to HIGHER metal prices.
Thats what its all about.
I am ASSUMING we will soon be producing metals / concentrates more profitably than others ...
IMBOOC
CMR Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held