your way off as usual, you need to account for operational costs before you arrive at ebit. so at a 50% margin Mitsui’s ebit would be about $60m. 400ktpa of sop would give an ebit of around $180m or roughly 3x Mitsui’s total salt earnings. I can’t see Australia’s production having much of a dent. If anything the Manheim produces will buy in to replace some of their own high cost output.
your way off as usual, you need to account for operational costs...
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