I think you are getting something wrong here. I've been up since 3am so perhaps not at my finest mentally. However, OZL, 100,000 tonne operation. Cash costs around $1-$1.20 per lb in Australia. Ore grade 1.2%.
Yet they are managing to make very good money. Check their latest ASX presentation for more data for any one interested.
DML, different environment but cash costs of $3000 expected and ore grades below AVB's? $5000 plus per tonne change. ?
AVB Price at posting:
7.2¢ Sentiment: Buy Disclosure: Held