Eric confirmed sales revenue of $1m, which is $8.54 per KG.
Also confirmed (to me anyway) that sales in current 1/4 will be around the 300t mark - about 10% of nameplate capacity.
And ,IMO, stated pricing expectation was China domestic and above - apple pie statement, but does start to set some expectations that FOB prices may not be obtainable. Otherwise he would have said China FOB as a benchmark?
Confirmation of high teens COP for Phase 1 when at 11kt production, which is estimated for Dec 1/4.
I expect to see a $50-55m burn rate for current 1/4, bringing cash down to about $60-70M.
We will see in Oct.
quarterly is out, page-79
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