Yeah it’s the interesting unknown TTrader!!!Their projted C3 costs are US .51 cents pound so plenty of fat but this is in full swing.
Speaking to Marwood last year their big go is the development of the vertical shaft for ore haulage. They are saying this will bring the costs down from .21 cents lb to just .06 cents lb. Their expected time for completion is around March - May sometime. This IMO is the key driver to increase in production and reduced costs. At this point with 10,000 tpm @ 12% recovery at current prices and exchange rate we should be looking at AU $2 million free cashflow per month I.e PAYDAY $$$$
