Where did you get $32 from?
ZCote is sold for 37.50-55USD per KG - and that's uncoated. IIRC, there was also some discussion of silicone coated powder, but I can't remember the details.
32AUD implies 22.50USD on current exchange rate. I doubt we're selling it that cheap.
An average price of 28USD ($39.80 AUD) is already a massive discount on the above price range.
Here's the presentation - Slide 4
http://member.afraccess.com/media?id=CMN://2A1090167&filename=20180704/ANO_01996891.pdf
Technicals, page-276
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