Maya Forstater

@alexcobham eg "If Zam had received full mkt value 4 copper" & "A Zam co sells copper to a Sw co at prices greatly below the market value"

@alexcobham ...are misunderstandings. CA data says Zam copper sold at world price, & Sw reports inflated prices on tiny ammts it exports

@MForstater Thanks Maya. I think we've been through this before, no? The overall difference between apparently 'Swiss-paid' prices and rest

@MForstater look small in CA graph as are margins on price per kg. But not small when you consider scale of trade involved. Nor for that

@MForstater matter are Swiss (re)export amounts always 'tiny' - they are small in relation to declared volume of exports to Sui.

@MForstater The margin on prices for exports to Swi vs that to RoW suggests $8bn dev loss annually. Small margins, big volumes => scale.

@MForstater Only the top end estimates take Sui-declared margins as true, so the Sui export price dominates. But problem in price to Sui too

@MForstater Hope this helps. Do let me know if there's anything else.