My wording wasn't great.
What I was trying to say is that I suspect quite a few shareholders will be expecting to see a huge profit margin per ton plus a substantial positive cashflow for the quarter.
The reality is that production is still being ramped and it will take several months to achieve maximum stage 1 production levels.
This means that initial costs per ton will be much higher at the start due to the bulk of the costs being fixed but will come down I suspect quite substantially when the operation becomes more efficient.
So shareholders expecting low initial costs need guidance from Ken as to why the early costs are high.
Dial in details 25.1.19 Quarterly, page-61
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