Ann: CEO Presentation to Shareholders, page-9

Given the info presented here - actual revenue is somewhere somewhere around $17/kg (precision is difficult due to the ramp up timing), also from their earlier announcements COP is expected to be $19/kg at these production rates. The product sold is important as with Phase 2 in full operation and kiln maintenance finished the COP is expected to be about $14.0 which should still be cash flow positive even with an ASP as low as $15. We will have to wait for the Quarterly reports for more precise details but my bet is the COP minus admin etc. is somewhere between $20 and $17 as we post, depending on how effective the cost cutting measure have been with production costs?