SMY sally malay mining limited

2 days doesn't mean like it'll go out in 2 daysthink of the LME...

  1. 6,183 Posts.
    2 days doesn't mean like it'll go out in 2 days

    think of the LME as a supermarket

    Stocks go in

    Stocks go out

    Sometimes outflows greater than inflows, so its a drawdown. Sometimes inflows greater than outflows so its an addition. At any one time there may be "2 days left" but there's always stockpiles coming in from an external sources(thousands of tonnes). Stocks can get replenished through new big mines and mine ramp ups/less stock drawdowns
 
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