"If Leigh could bring that AISC down to $1300-$1400 then I think it's worth keeping and starting up again!"
But why focus on a $1400 AISC AW mine (before corporate costs so lowers margin even more) when he can focus on Deflector or a bolt on mine where the profit margin is probably 3 times as high per oz ?
Your suggestion of two mines however does bring up an issue , Leigh only has so many hours in the day and while he has a decent management team , I do wonder how much help he gets from the board maybe a different board structure is needed ,where he could have an executive board member who is taking an active daily operational roll whihc would allow Leigh more time for M&A strategies ?
If they could get $15M for AW (including plant) I would flick it also means whoever buys it has to take on the Environmental bonds
DRM Price at posting:
35.0¢ Sentiment: Hold Disclosure: Held