Olley, the latest pellet price is 123 USD. That's 106 USD FOB. In AUD that's 139.
The key in my mind at least is not if cash is 160 or 180 mil. C1 costs are the big issue. The takeaway from the increased sales volume from the reported shipping data, is that movement rates are much higher this quarter. If the cost base for this quarter is the same with last quarter i.e 85 AUD (C1) x 550 = 47 million ,
and if production is close to 630 million then C1 will drop to 75 AUD.
And that's when we will really skyrocket.
GLTA
Pellet Price, page-56
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