Next Shipment.., page-112

With production levels near 18k wmt (17k dmt) in October = about 50k dmt / quarter in exports needed to keep stockpiles from growing. So AJM should really be seeing 50kt/quarter shipment from now on.

With offtakes totaling 220k dmt/y, it seems production goal is around 19.5k wmt/month. Hopefully some production growth in the current quarter going from the October 92% of nameplate.

Now, as mention, if the company can find some way to reduce that 15% interest loan via refinancing, which equates to near US$90/t at nameplate of extra costs, that would go a long way. Hopefully, having reliable offtakes that have their own processing plants and supply the high growth, battery grade EV supply chain, will ensure that AJM will have continued demand. If NMC811 use in Chinese EVs keeps climbing as it has this year (1% in Jan to 18% in Sept), this will bode well for hardrock.