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ASFtwo different beasts, including RockwoodEOC's Meteor Downs...

  1. ddzx
    28,706 Posts.
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    13/08/12
    07:41
    Post #: 10558794
    ASF

    two different beasts, including Rockwood

    EOC's Meteor Downs has a CAPEX of $42m because it is dig & ship

    but EOC's Rockwood, like CLR's Grosvenor West, will have a big CAPEX spend due to the need for wash plants

    i suspect the raw ash at Rockwood is pretty high (which is something EOC have not disclosed to date)

    the higher the ash, the higher the need for washing, thus the higher the CAPEX
    EOC Price at posting: 24.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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