If volume went on a full rate, production cost would reduce substantially, but current quarter is still Moderated production with high budgeted costs.
I believe they might be able to reduce around USD$450-500/dmt, but no way at USD$320-350/dmt.
Production has been scaled back significantly, which leads to more cash burn, let alone with talking expansion stage 2 and 3.
It will be tough time for next few quarters especially China slowing down activities thanks to coronavirus.
All imo.
If volume went on a full rate, production cost would reduce...
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Last
$2.89 |
Change
0.040(1.40%) |
Mkt cap ! $8.703B | |||
| Open | High | Low | Value | Volume |
| $2.78 | $2.89 | $2.78 | $29.90M | 10.51M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 39193 | $2.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.89 | 73947 | 7 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |