Hello. I thought I replied to this post but cannot see the reply. My impression is LYC has a refinery therefore they do not produce discounted concentrates but i guess would receive full market price if possible. In FY23, LYC sold 16,014 tonnes at total cash costs (excluding depreciation) of $346,177,000 plus $19,072,000 plus $26,707,000 = AUD$24.48/kg or US$16.48/kg. I guess VMM and MEI could jointly build a refinery but that is extra capex.
Ann: Viridis Completes A$4.5 Million Placement, page-218
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