RE:RE:RE:RE:RE:RE:RE:RE:comprehensive production updateYou may be right about the V price, I suppose only time will tell, but I expect two things at current levels:
1) Stockpiling or reduction in supply since it is not profitable for most existing V supplies (similar to our iron ore byproduct).
2) Most off-take contracts that I've seen use a discount rate that slides up when the commodity price climbs and has a floor to prevent exactly what you're talking about, where the miner would be forced to produce and sell at costs that are unsustainable to continued operation. I am pretty doubtful that, if there is a floor in the contract, it is below $5. If there's not a floor, I think it even more likely that we are not discounting.
But I acknowledge that this is 100% speculation until we see the financials for Q4 and can -maybe- peel back enough of the onion to guess at the realized sale price on our end. Certainly the lower V price goes (and more supply does not help raise the price), the less profit we see and the harder it is to justify mining at all. If our supply does really affect the price on the market right now, we probably wouldn't proceed with the expansion until prices and demand could justify it or appeared to be on the upswing. Maybe that is already the case as far as management can see since they're still talking about expansion. Worth a question to them.