I am beginning to wonder how profitable this stage 4 cockatoo project is going to be. Iron ore now down from $136 per ton to $110 per ton and the Au$ rising.
1.2m tons @ $1.10 $132m Operation costs $53 per ton $ 63.60m Infra & capital ex. $ 35.00m Bond $ 20.00m Total cost $118.60m
Profit $13.40m Thats a 10.15% gross profit less tax and royalties $ 4.40m net profit 6.81% $ 9.00m
plus whatever stage 5 is worth and iron ore doesn't drop any further. $100 per ton is breakeven.
PLV Price at posting:
15.3¢ Sentiment: Hold Disclosure: Held
