Excellent stuff Split and your shipments of 38,000t will likely be close to the mark. For me its mainly about production per quarter not shipments as it all gets shipped eventually and the inventory reflects the difference, an exceptional shipping quarter is usually followed by an average one , much the same as payments received , it only takes one day to put something into the next quarter.
At current prices there won't be much revenue difference between shipments to PLL or the JV IMO, that becomes more apparent with higher prices.
As always work on the lower numbers and be pleasantly supprised by upside, anything around 48,000t produced would be a very good outcome at this stage IMO along with a decline in costs. Given the shortfall in payments recieved last quarter and the sale of Troilus means revenue and cash on hand could supprise to the upside.
Cheers Whisky
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