Low teens next year? Production cost were AU $12.80 in September , all time low. Costs have been in low teens 4 out of last 5 Qs. The current trend for last year is increasing cost excepting September. It remains to be seen if over next year cost will go up or down I expect $14 to $16 to be the range. There are are two things affecting costs. Production volume will be higher lowering cost per KG. Much of Next and overburden removal are being recorded as CAP Ex. Depending when and how fast these expenses are recognized will cause costs to go up. A quick chart of last 5 Qs. Years are calendar years.
Dec '17 $15.90
September '17 $12.8
June '17 $14.10
March 17 $13.11
Dec '16 $13.20
Just a guess but I think this Q will be $15 to $15.50, What is your guess please answer in 5 hours or less, while it is still a guess.
Jap team maps 'semi-infinite' rare earth reserves, page-42
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