I understand service that provides market intelligence on mineral sands prices has moved ILU zircon price up 125 USD . Guys this will improve margins by about 50 AUD and the TI price which is still flying by another 5-6 dollars. This won’t be captured in the last quarters numbers but will definetely feed into current quarter an next few quarters.
putting it into perspective this move alone will be equivalent of 16-18 m AUD extra cash flow . The price increase in itself almost funds the move to Atlas . More importantly it also increases value of investors by 2-3 m
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