A month too late.. it's been a very busy month, but on the plus...

A month too late.. it's been a very busy month, but on the plus side now I can include data from August too.

First a look at our approximate NdPr sale price (AUD):



We have bottomed at low 90 June-Aug, and given that NdPr spot is now ~AU$100 we should start seeing an uptick in the middle of next quarter.

Secondly, revenue through Jul-Aug:

I want to first throw in a disclaimer, in particular as my numbers missed revenue by a significant margin last Q. But, it's not the number that was wrong, it's the timing.. I get my numbers as things are shipped, but revenue is largely not recognised until delivered. Hence, the transit period at the end of a Q can throw things off. Over longer periods of time it usually evens out - I've included a graph below to illustrate errors between my data over different time periods compared to LYC reports. Last Q was really an anomaly.



With that perhaps clarified, here is our revenue through the first 2 months of the Q:

In AU$M, my data in light turquoise, LYC numbers in deep turquoise


We are sitting at ~AU$100m, but the overshoot in my data last Q probably means some of that will be recognised in the current Q. My guess is that we are probably closer to 120 than 100. With constant production revenue for the Q would probably be around $180m.

But as mentioned above, take this as guidance with knowledge of the errors in the above graph (but you can also note my numbers are usually off on the low side).

DYOR