You need to remember that most of the capex last quarter would have taken time to implement, its been 3 months since then and back then we increased production, I would say that we increased production in the last month or so, in that scenario we significantly increased production at that stage, so yes while we were producing at a loss, with a price of lets say 800usd our costs were only marginally higher, if we could reduce those costs due to lower capex and higher volume then we would have most likely produced at a cost less than current pricing, now something to mention is that Spot price has increased recently so the quarterly might not show that we made a profit however the costs vs current spod price should be lower, im not talking about realised sales price im talking about current spod price. Back then we were still in a downturn in lithium price, now its looking like a recovery, our SP most likely factored in a drop in spod price below our cost price.
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