q price adj and more
price adjustments for each Q are adjusted by the LME ( spot i assume) average price three months forward. Thus 2Q revenue will be adjusted down from $4.10 in Q3
July average around 3.47 .63c or 15%
aug average around 3.53 .57c or 14 %
sept a guess around 3.38 .72c or 17%
Their MDA states a 10% differentail with cost over $6 ml. so lets say a charge of $9/10 ml in the third Q
do not understand why contract has forward price adjustment or why ARG doesn't firm the price with fwd contracts.
as an aside the all in cost of production is now firmly above market prices