RE:RE:RE:RE:RE:RE:remind usI don't believe the 840 Ton. On their website is still the 828 Tonnes from December. I assume that any higher production would be mentioned.
Regarding the production cost: here is a table from investorintel.
There is a raise from 30 cent vs Q4 2016. If you look at Q3 2016 vs Q4, Q4 is 1 cent higher but they produced 120 more. It seems there is no correlation between production and operating cost. Basicly this is normal as you have some fixed costs. But a raise of 30cent is huge.
Bear in mind this sentence I read somewhere “Smith points out that every $0.25 reduction in operating costs translates into a $5-million gain to the bottom line. Conversely, this also goes for every $0.25/lb in price improvement.”
So if 3,90 is the new level for operating costs we can only be glad with a higher sale price.
I would guess that all costs related to the installation of the new kiln are considered as CAPEX and not as OPEX. Besides this, a kiln which is not working doesn't cost so there should be a lower operating cost during these days. They said that they used feedstock for the rest of the process, so that can't be the big reason either.
It can of course be that the other improvements are considered as OPEX, but then they should mention it.
But all this is why I said there is no decent explanation.
Also, why the new kiln. The installed one was not even 5 years old.
I'm sorry about my remarks, sounds all quite negative.
But find the communication rather poor and the loss/operating cost in Q1 is laying on my stomac. For your info: I accumulated havely last 3 weeks so I hope for good Q2.