Ivanovich I would be surprised if you didn’t have your own little ss model tucked away somewhere? Anyway IMO (model) - financed breakeven means C1 cost @ $3.68 per lb – not to put too finer point on the $'s & cents.
Of course I can't pinpoint actuals for February. But a 12 month view is logical. Dec Half 12 figure is noted. $2/12 months assumes solving normal teething issues but excludes excessive breakdowns and problems. Of course there are other variables which apply to all operators. CI cost for life of mine should be lower. You could say the patient here is suffering from treatment but far from terminal.
Various references to C1 costs include:
Octa Phillip - US$2.87/lb FY 13 e US$1.30/lb FY 14 e Cannacord – US$1.50-$1.60/lb Bell Potter – US$1.60/lb (life of mine) Blackswan – US$1.85/lb FY 13 Bankable Feasibility Study – US $1.28/lb DML US$1.23/lb Development Plan DML US$4.28/lb December Half 12 DML US$1.92/lb June Half 13 - Forecast
Sachmo
DYOR
DML Price at posting:
63.5¢ Sentiment: None Disclosure: Held
