"last quarter they mined say 30,00 tonnes at approx $330 aud per tonne"
28k tonnes sold, not mined. And I don't think that's the number in the quarterly?
Your numbers from a single quarterly, are way off, and not relevant as the company is paying for its ramp up. They have 100,000t mined and sitting at various stages of the production line and sold, and sold 55,000t 2023H2.
I get it, if they don't sell what they mine, of course production costs/tonne going to be higher. There's going to be an obvious lag effect between digging it up and selling it. As a start up producer, implementing a plan to ramp up, you don't sell the mined
product the day it comes out of the ground.
True, the company hinges on the market buying what they dig up, and to be mining it for a profit. Latest release says they continue to ramp up production (which should bring down $/t costs) and can be producing 225,000t/pa by the end of January.
Your maths, your maths is no good.
You state 28k tonnes and $8.2m in production costs as circa $330 per tonne AUD.
Good to know circa $330 is $292.80.
Still haven't stated where you pulled the $180USD/t figure from?
Give it a rest for today champ.
