AQP 0.00% 25.0¢ aquarius platinum limited

benefits of rhodium production

  1. 8,283 Posts.
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    Rhodium has increased from ~6800/oz at the end of last qtr to ~US9000/oz currently. AQP being one of the only producers on the asx of rhodium will benefit from recent price increases and renewed investment exposure.

    From previous dec07 AQP production report:

    Kroondal
    5410oz
    Marikana
    1793oz
    Everest
    4877oz
    Mimosa
    1782oz
    CTRP
    217oz

    Total attributable
    14079 oz of Rhodium

    December 07 quarter average Rhodium price ~US6600/oz
    March 08 quarter average Rhodium price ~US8000/oz????

    Although AQP does not receive spot price for Rh sold they will receive the average increase % over last qtr assuming similar production and smelting charges. Very nice contribution from the “by product” straight to the bottom line.

    DYOR
 
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