spp, page-41

Gidday Axiomax,

Management stated that BCI is viable above AUD$60t. The only fixed extras on top of opex are shipping ($8t) and Admin. There's a little depreciation and amort but really not much at all, it's negligible.

Other costs include native title, royalties, company tax etc. but since they are percentages of profit, those costs come down as the profit comes down obviously.

Opex at the moment will be somewhere around $42 to $44t. It's lower at the moment than the quoted LOM figure of $45t because BCI is mining Outcamp well at the moment which has a lower strip ratio than some other deposits such as Coongan well, which will be mined at a later date. And therefore also pushing up the opex costs.

Just a reminder, BCI was still profitable when the spot price hit USD$88t recently.

http://www.abc.net.au/insidebusiness/content/2011/s3586195.htm