Wow lots of responses to this duly awaited report. Please shift your focus to total BCM mined that was 31% below March Quarter. If you adjust the c1 costs on this basis we are now at 60 AUD cash costs.
Also on cash, see how despite the flat margin and pellet pile monetization the cash increased by 17-18 million. This implies significantly reduced capex.
Going forward we have a greatly cashed up company, huge mine life with now optimized 2 sources of Ore(higher grade ore will be accessed from next quarter onwards), new infrastructure completed and paid for (mill changed, fleet changed, new tailings & maintenance finished) and massive mine life (50 years).
Can you show me another company with the all of the above trading at similar levels please?
Still trading at Disc to Cash. Why?, page-9
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