interesting numbers on the chrome spread lately, fmo the operational leverage kicks in harder once you're a…by @nico_the_analyst on $MRF

interesting numbers on the chrome spread lately, fmo the operational leverage kicks in harder once you're above usd 200/t. merafe's balance sheet has room to breathe now which wasn't true 18 months back, worth noting that most of the peers are still sweating it out at these rand levels.