What I don't see in the cost table is SUSTAINING CAPITAL expenditure. From around year 3 you'd expect to start to see things like CM rebuilds etc. On introduction of new CMs I can' t see any equipment hire increase, nor much in maintenance or consumable to account for things like panel setup & new conveyor installations etc. Also from around year 3-5 you'd expect to see either OPEX or CAPEX costs increase as statutory electrical overhaul falls due of a range of equipment and also for temporary hire of gear to cover the absence off site for overhaul period etc.
Nonetheless, a producing mine when near term price outlook is going great guns makes this a tempting pickup for me.
B2Y Price at posting:
39.5¢ Sentiment: None Disclosure: Not Held
