Ann: Quarterly Cashflow Report - June 2018, page-30

Re costing:

The estimated spend on production for the quarter is $500,000. So if there is production at somewhere close to 10t per week, then the $4000 per tonne production cost comes into play.

I’ve been anticipating $5000-$6000 per tonne initially, because of the higher cost of buying chemicals in smaller amounts locally, but got excited to see the estimated numbers.

So if we save $1000 a tonne and add value of say $1000 a tonne to cathode companies, then we add an extra $1m to our bottom line over the 500 tonnes for the year.

That makes AGY a hold, if not buy, right now.