"Now look at the fundamentals. This month LYC is likely to achieve full production of over 900t. 750t is cash flow neutral."
Yes, Au76, let's look at today's announcement.
Therefore, May will not see production of 750t, let alone 900t as you suggest is likely, as the company is still ramping up sales and production to the operations cash positive level.
April production, 709t, May production < 750t.
Unless, and perish the thought, the guidance of B/E at 750t is wrong.
are you happy lyc retailers, page-10
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