General Discussion Topics, page-142728

Last quarter the cost per tonne was already in the US$800 to US$850 range. NAL produced 49,660t at a cost of A$62M, which calculates to A$1,248/t or US$832/t when converted from $A to $US. I am hoping and expecting the cost per tonne to be in the US$750 to US$800 range this current quarter. Also, the sale price per tonne should be slightly higher than US$650 given that most of the sales will be going to PLL offtake. The loss should be closer to US$100 per tonne than US$200 per tonne I believe. It will depend on what the spot price does for the remainder of the quarter though.