I misread the report.
Sales is said to be for December 648 and the best yet. That would be 7776 annual if this doesn't improve at 68% battery grade. Hypothetical at $6000 a tonne would be $46,656,000 before costs. Even at $5000 a tonne is 38,880,000.
Production cost: 27,250,000
Administration: 16,397,000
Finance costs: 10,994,000
Asset payments: 6,288,000
Lets stop here...
Total costs: 60,929,000
Difference using even the potential benefit of the doubt @ $46,656,000 gives a loss $14,273,000
Galaxy must sell 200 tonne more a month than the last month's best of 848. Needing a minimum of 10,176 per annum provided there are no other costs to break even.
Have I got this right?
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