Ann: BSOPP Feasibility Study Complete - New 120ktpa Base Case, page-156

Quote from the Beyond SOP Project Update on 28/01/21
Low All In Sustaining Operating Cost (AISC) ~US$200 /t FOB

Quote from yesterdays announcement
LOM Operating Cost FOB (real) 5 A$375/t FOB
(All-in Sustaining Cost) (US270/t FOB @ AUD:USD 0.72 )

If that is comparing apples with apples then that change is disturbing.

Good or bad if expansion is the direction that KLL management wish to go in then there could have been a trading halt yesterday to give them a chance to:
- Resolve the transport crisis
- Resolve the upcoming production delays / bottleneck. If it isn't going to be September when they are shipping product out the door and the cash starts arriving (according to some) then when will it really be. If it is going to be November or January then fine just say so and be producing early if it goes better than expected.
- Spend more time to finalise how capital will be raised
- Create a capital raising if required which could be released when the halt is removed

There's no shame in a trading halt. It would have given the opportunity for more clarity on the future direction of KLL and avoided the price plunge.

Not everyone wanted to hear it when there were people saying that being on time only confirmed the plans and wasn't going to boost the share price immediately and that there would be more price movement in a downward direction if the plans didn't go according to schedule and here we are under 20 cents as predicted.

This is looking like a sell proposition at the moment as the shares can be picked up later for cheaper, not to mention what will happen if there is a CR and further discount applied, especially if the CR is offered to sophisticated investors to start with. I feel sorry for anyone heavily invested and weighted with KLL.