Actually costs are sitting at around US$14 something in total, from memory just under $15 which is world class compared to any mine.
I too agree that even if IO prices stabilize to around $60 which many are predicting from the current $94, it will still be a hugely profitable mine so I dont see the issue of the mine going ahead, it's just a matter of who will give us finance which is the million dollar question.
Let's also remember, in the PFS they used a conservative price of $60 for IO which lead to a payback period of around 2 years or under, again world class by anyone's nature.
I don't like SRK are gone by a long shot and WHEN the market recovers, this will be one of the ones that will shoot up 100-200% very very quickly imho.
Good Luck All
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1 | 50000 | 0.075 |
1 | 250000 | 0.072 |
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Price($) | Vol. | No. |
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