APC 0.00% 0.1¢ australian potash limited

I am looking at the capex thinking it isn't anything special. I...

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  1. 3,933 Posts.
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    I am looking at the capex thinking it isn't anything special.
    I think using the word bonus is stretching it a bit. The MOP conversion allows them to milk a bit more out of their brine but the downside is increased opex.
    If the capex had been around 200-250 I think we could have looked at the MOP conversion as turbo charging and think it is great but in a peer-peer comparison it highlights some downside. Of course it is still a profitable outcome and at the end of the day that is what a project should be.
 
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