No, your calculation is not correct. Based on our last quarterly report the Operating cost is A$1231 (FOB), which are based on an average of 9229 dmt per month since restarting in March this year.
This represent a 50% ramp up capacity of 18,833 per month. Once we ramp up, the cost will go definitely lower or at least below the A$1000 operating cost
According to PLL Quarterly below, they sold 29,011 dmt at a total revenue of $47m and a costs of sales @$23.363m, which equates to U$805 (A$1219)
So as you can see, we are definitely not making a lost as some have suggested, considering once you average out our realized selling price on A$1,985 dmt, we are making money. (BTW our current COH is $233m)
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