Just a brief update. NdPr sales price (ASP, Sept inclusive, AUD)...

Just a brief update. NdPr sales price (ASP, Sept inclusive, AUD) vs Chinese spot:



Our sales price is currently hoovering around spot ($98 vs $101), meaning our price model bottomed out in August. Based on this and expected production rate/inventory, I expect (in very approximate terms) the coming quarters to look something like this in our reconfiguration phase:

December/March Q: ~800t production, 1,200t sales, ~$130m revenue
June Q: ~1,800-2,000t production, 2,000t sales, $230m ~revenue

FY25: >2,000t production/sales, >250m revenue/Q

These are low end figures. NdPr price for current Q is already more or less set at ~$100, so question is more about how much we have in inventory to sell.