Good point. Based on the iterations that LYC is minimizing expenditure the fixed costs of operating the plant may be around $50mil per quarter?
If we take the fixed costs to be $50mil and Variable costs to be 70% of $15 (optimistic as $15pkg is based on 22,000 tonnes) and the sale price to be $21.50 pkg then break even would be somewhere between 4,000 and 5,000 tonnes per quarter. Am I right?
That seems to suggest that at the current price breakeven would be between 16,000 and 20,000 tonnes per annum.
Not looking very promising.
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