cux's lower cost per tonne of ore., page-22

Stoops,

Lynas is currently producing a final concentrate grade of 36% at Mt Weld at 71% recovery.

Page 16:
http://www.lynascorp.com/content/upload/files/Macquarie_Conference_Presentation_2_May_2012_1106188.pdf

Page 35:
http://www.lynascorp.com/content/upload/files/Lynas_Corps_J_P_Morgan_Presentation_September_New_York__FINAL.pdf

Mining represents 4% of OpEx & Concentration 21% for a total 25% at Mt Weld. This data comes from Sept 10 with a total process cost at US$7+/- 10% = A$8.35 + 0.85 and let's round it up to $10. I think it's a fair assumption that any overage at steady state is far more likely to be in Malaysia than Mt Weld, particularly as the Concentrator has been running above spec for quite some time.

Lynas is therefore producing a 36% concentrate in situ circa $2.50kg.

CUX has a long, long way to go before they need to bother looking for a box of matches, lol.


BTW, MT Weld has at least a 25yr mine life and is a whole in the ground. No doubt they'll undertake some backfill at various stages whereas CUX will be constantly re-mediating, not that it will have any meaningful impact on cash costs.