RE: Calculation of BPs monthly turnover @ breakeven...2 Oct 2023 06:14
DunkBiscuit re your 9.04
We have never know the details of the offtake with Mercuria, whether they take % value of each tonne of concentrate or a fixed value per tonne, but they most definitely will be taking a cut
Second before anybody says what about the gold/silver credits in the concentrate- as we have no details, the working assumption is that those credits offset the tolling/refining costs that would be deducted from the selling price
Third, as AP is forever vague, we don’t actually know whether breakeven in June meant the amount of concentrate produced (imo most likely) or the amount sold - the two figures being noticeably different
As the amount sold varies every month depending on shipping dates, using that as a breakeven figure would be largely meaningless