Clearly you have no idea whatsoever. It states in the report....

Clearly you have no idea whatsoever.
It states in the report.
QUOTE

Appendix 5B Quarterly Report and Statement of Cash Flows

The ASX Appendix 5B quarterly report covering the 3-month period from 1 July 2021 to 30 September 2021 is attached to and lodged with this report. The Company recognised revenue of $5,443k from its first two shipments of manganese concentrate. Exploration and evaluation expenditure was $106k, associated with tenement compliance costs. Mining development activities totalled $175k predominantly associated with stage 2 expansion plan costs. Production costs, including mining, processing, haulage, port, royalties and site administration, totalled $8,924k. Production costs along with staff costs reflect a full quarters costs and receipts reflect two months shipments only. The inventory has been produced for the September shipment with cash receipts timed to the larger shipment now anticipated in November 2021. Operating costs reflected in over 20,000 tonnes of unshipped inventory on hand costs. Staff costs in the quarter totalled $1,107k. Corporate and administration expenses totalled $438k. In addition, $82k was moved from restricted to non-restricted cash in relation to the release of a number of bank guarantees. Net cash outflows from investing activities was $118k for expenditure on items of property, plant and equipment. Net cash outflows from financing activities was $109k in relation to lease payments.

Once someone has read the report they would know the FACTS. Obviously you didn't
OK to explain it to you
The income for 2 shipments of 27,000 tonnes each = $5,443,000 / 54,000 t= A$100.79/tonne

There was costs involved in digging out the Mn ore in the June quarter = $2,863,000
Add this to the $8,924,000 Sept quarter costs .

ADD $2,863,000 + $8,924,000 = $11,787,000
The report states 2 shipments of 27,000 tonnes each + 20,000 t of unshipped inventory.
total tonnes 27,000 + 27,000 t +20,000 = 74,000 tonnes.
We now divide the total cost of the tonnes produced by the total no of tonnes
$11,787,000 / 74,000t = $159.28/tonne.
Sale price $100.79/t - cost $159.28/tonne = - $58.49/ t LOSS

Add in staff and admin costs to produce the 74,000 tonne = $2,776,000 or $37.51/tonne
AISC costs would be about $159.28/t + $37.51/t = $196.79/tonne cost
(The income for 2 shipments of 27,000 tonnes each = $5,443,000 / 54,000 t= A$100.79/tonne)
Income is $100.79/tonne - costs $196.79
SO TOTAL LOSS /TONNE = $96

These are ALL prices stated in the report.
The fact is E25 is losing a huge amount of money.
The fact is E25 needs A$6.00/dmtu FOB just to break even.

"It demonstrates you have no idea."
I'd suggest that its you who has no idea.