independent valuation of luapula plant, page-89

I mentioned this coy is unique, but folks correct me if I am wrong, the 7 suppliers of ore, they would be paid a wholesale price of cobalt, then we process it and sell for retail price?
I think other posters have alluded to that, so in a way the cobalt price, whilst still important, WFE can still make reasonable coin assuming all other costs involved fall into line.
I am sure thats how it will work, the difference of wholesale to retail is the margin WFE makes less AISC .
I guess this is the grey area that I would like to explore more, so all those real technical dudes out there, interested on your thoughts.

You all have a great day.