Hi bigdeano, the way Syrah report is a bit misleading as they report production cost as FOB and sale price as CIF. So unfortunately I believe the CIF (Cost, Insurance and freight) will add around $200/t on the cost of production and then we are comparing apples with apples.
I've based $200/t on a 40 foot container costing $5000 and hauling around 27t per container.
So not yet operational cash flow positive but well on the way. I also note spot prices are up around $50/t over the last couple of weeks.
Hi bigdeano, the way Syrah report is a bit misleading as they...
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