"IMO, the revenue forecast of $287 mil was based on LYC's pitch...

"IMO, the revenue forecast of $287 mil was based on LYC's pitch to Japan for Phase 1 and the minimal profit was a signal that this is the lowest we can go in price."

If this "the revenue forecast" has be confirmed,
that would mean:
sold 11000T = $287 mil,
net profit = $3.5 mil,
total of costs will be $283.5 mil,

Calculated as $25.8/Kg.

---if based on the capacity of 11000T/y, in the current macro, the survive in the bottom line(profit/balance or loss) will be about $25/Kg by average selling price of products.

the possibility of profit growth in the future:

RE price go up---this is the most critical;

increase in orders and production capacity to reduce the average cost;

cut down expenses and costs, increase efficiency;

optimize products to increase the added value.