Ann: Lindi Jumbo produces 94 bags of graphite in single day, page-61

Perhaps it's termed theoretical because in ramp up stage the current opex costs are variable day to day whilst the ramp up stage is finalised. Some days there is more plant down time than other days so breakeven is still fluctuating. Also, the breakeven point is referred to by number of bags sold, which is based on sales prices. Perhaps there isn't enough of a sample size on sale price yet to give a firm number, hence the range of prices and theoretical Breakeven point. Regardless, it is clear from the announcement the company has indicated that they are now producing enough product that once shipped is exceeding Breakeven.

it is interesting to point out many posters have been claiming a CR is imminent for months now. There goes another month without a CR, today's announcement noted a final expected drawdown has occurred with the drawndown amount less than the total available facility and confirmation of 2 x local banks offering overdraft facilities for the company's consideration. It is easy to keep this narrative of an imminent CR going for months on end, time has shown this to be an incorrect call.

The actual sales prices would be commercial in confidence, particularly as they are supplying at market prices. The company won't release this info for customers (IMO) at risk of losing the trust of these clients. The pricing information we will see is more likely to be average or ranges for the different products achieved in precious quarters. I believe it is still too early to give a meaningful average, time will again give us the answers in future quarterly reports of what has been achieved in the past months. The price ranges in the annoucement are encouraging, particularly for the western users.

great to see the announcement gave an update on the mines stockpile volume. Another myth busted (that mining has ceased) and goes to show just because something isn't commented on by the company doesn't mean it isn't happening.