We also have to look at the multiplicity of companies in the Phoenix group. We may be selling all the output of one pit to Komex and a separate company or division selling from a second pit for the other projects.
You will note that we have an "Aggregate Division" with Vince on staff. We just need a separate entity to honor existing agreements.
On the other hand if you can supply everything you can dig at a premium price why worry.
Eventually they will run out of ways to keep the PPS low and it will start to climb.
Remeber this - PBLS stock certificates are worth more per ton than blended aggregate - LOL