Good point. Based on the iterations that LYC is minimizing...

Good point. Based on the iterations that LYC is minimizing expenditure the fixed costs of operating the plant may be around $50mil per quarter?

If we take the fixed costs to be $50mil and Variable costs to be 70% of $15 (optimistic as $15pkg is based on 22,000 tonnes) and the sale price to be $21.50 pkg then break even would be somewhere between 4,000 and 5,000 tonnes per quarter. Am I right?

That seems to suggest that at the current price breakeven would be between 16,000 and 20,000 tonnes per annum.

Not looking very promising.