last quarter they sold 2,000 tonnes of beneficiated phosphate rock product to an Australian customer on a mine gate sale basis. They also said that a first parcel of beneficiated phosphate rock product was shipped to a customer (via Singapore). The initial parcel consisted of 500 tonnes at a grade of 34.6% P2O5 and was containerised.
The $0.228M in receipts from customers relates to a progress payment for a mine gate sale. Mine gate sell prices reflect the absence of associated logistics costs.
This means AT MOST they received $114 per tonne AUD if we divide $228k for 2,000 tonnes.
Not quite USD$350 is it.
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