The shipping data indicates about 260t has been shipped to storage in the US, very little of which would have been sold in 2020. Using $35/kg this has a value of $9m.
Note that the $10.8m listed as inventory is at cost, of which ~$9m might be finished product based on prior reports, which roughly has associated revenue of $23m once handed over to customer (based on FY20 raw materials & consumables vs revenue), which means there is a decent amount sitting in Brisbane too.
Ann: Company Update, page-61
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