PEN production costs as per quarterly cashflow statements - all cost elements listed are used to derive the cost. To be clear, this cost is not what PEN calculate or report. But for me, it tells me if PEN, the company, is profitable.If only cost element 1.2c is used, which is what I think PEN like to highlight/report, then production cost is $67/lb - is this analogous to your $70/lb?
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