Hi Split. It shows that our total production costs for the quarter were $A62M. If we have a similar cost of production for the next quarter and we sell say 60,000t as opposed to the 27,000t sold this last quarter, then that would give us a cost of production close to $A1,000/t ($US670) as opposed to the $A1,500/t ($US1,000) this last quarter. Am I interpreting that correctly?
Also, if we were able to sell the entire 49,000t that we produced in the quarter at a cost of production of $A62M then our cost of production per tonne would have been around $A1,265 ($US800). Am I correct here? If so then surely our situation doesn't look as bleak as some may think. Surely our current true cost of production would be $1,265?
Hi Split. It shows that our total production costs for the...
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