another player!, page-24

I'd love to do the math OscarWon if I knew what STB's OPEX actually was.

Thanks Calina, very informative.

Looking at STB presentations:

13/5/11 - NY Investor update
It states: Potential to be the lowest capex and opex operation in the world. Expect operating costs to be in the lower 25% of the industry.

2/9/11 - Africa down under presentation it gets better:
It states: Opex estimate to be in lowest 10% of global producers;

Then the Scoping study is announced on 23/11/11 and no mention of OPEX at all.

Presentation on same day now states: Open pit mining and location will allow cheap capex and opex mining.

8/2/12 - Indaba Presentation
No mention of OPEX whatsoever. It states: Open pit mining = low technical risk.

7/5/12 - Investor Presentation
It states: Open pit mining will underpin low capex and opex.

So clearly, the company has become much more reserved in their talk about OPEX after the Scoping study results.