I hate to say it, but that is a significant fall in output - notes state it is managed reduction to match demand from 41,000 tonne to 15,000 tonne.
With production prices only going to rise over time (inflation, higher fuel prices, higher labour prices) it makes more sense to me personally to just mine at a consistent rate and sell on demand defining a price floor rather than a supply floor. Even exporting to Vidalia excess and storing it there would prevent any supply issues ex Balama in the future.
I have seen this before at PLS and Altura in days gone by of the Lithium market.
I'll continue reading...
Ann: June 2023 Quarterly Activities and Cashflow Report, page-3
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