I believe it’s Victors performance being questioned.Our current...

I believe it’s Victors performance being questioned.

Our current AIC is about $15.50/lb from revised guidance of $16.91/lb in FY23. This then apparently comes down (weighted average) to $13.50/lb in FY24 and then about $10/lb in FY25.

Now build in the risk (given current performance) where this cost increases to $12.00/lb in FY25 and the PON averages sub $22k (by-credits are lower than forecast) and a higher exchange rate.

This AIC in the $8’s/lb for LOM being presented by the company seems fanciful in my opinion.

Don’t forget, about two years ago, the presentations had AIC for LOM in the $6’s/lb.