MNB 25.9% 7.3¢ minbos resources limited

Ann: March 2017 Quarterly Reports, page-2

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  1. 3,947 Posts.
    lightbulb Created with Sketch. 67
    Well a glimmer of hope but some absolute clangers as well

    “Ausenco identified that the economic assumptions imposed by the Mongo Tando Project Management Team for energy and port charges are between 50% and
    300% higher than global benchmarks and make absolute economic evaluations pointless”

    This is management error, what oversight do they have here? Surely they know enough about the project to know what reasonable energy and port costs are? I assume once they have the correct assumptions then this will translate to improved economics.
    Write your reply here
 
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