What is this nonsense, based on what? Cost projections for a...

What is this nonsense, based on what? Cost projections for a quarter where output is still ramping was $20,000,000 AUD including staff, admin and exploration such that costs should continue to fall on a per tonne basis.

Spod price around $600/tonne USD ($864 AUD), for AJM's costs to be running above spodumene pricing we'd have to have only produced 23000 tonnes this quarter, we delivered over 38,000 even accounting for the 8000 overhang from the delayed shipment last quarter we're running way ahead, and even then the lag from production to shipping means that plant output is likely far ahead of shipped volumes.

It's clear that barring very erroneous projected costs (which if not kept to should have prompted an announcement) we're already profitable in gross output terms - with a very clear trajectory toward increasing output volume (possibly to above nameplate) and recoveries.

Looks very much like some are trying to scare the cattle and sew doubt on a minor pullback following ShanShan's appearance. This is a far better investment today than six months ago (regardless of SP), and even 3 months ago IMO.