Production volume for the quarter was 1,639 mt, a 48% increase over first quarter production of 1,111 mt. Cash cost for production dropped to $16.54/kg, a 39% decrease over production cash costs of $27/kg in the previous quarter.
You mention a few of the positives, what is intriguing is how little the cash burn decreased considering the numbers you cited.
How is it then possible for revenues to decrease and losses go up in Q2 vs. Q1?
Sales are not uniform through the year. Sales were lower while production was higher for Q2 v. Q1. They are making progress but it certainly is slow.
Crucial and delightful. I believe these costs are a couple bucks per kilogram less than Lynas'
Sentiment: Strong Buy
Irrelevant as Lynas has a different mix of REOs with a higher ASP.