I could figure that calc out straight off the top of my head but it isn’t that simple as the total sales and price per tonne are stated as ‘over’ or in ‘excess of’, whilst there is a wide spread of end uses so we don’t know what flakes/products are being sold (can’t determine the weightings of individual product prices). As such knowing the total tonnage from this info is a loose guess. I agree though that it will officially step up each year in line with the expansion. The last hurdle to DD on the financing facility form what I can tell is completing commissioning of PH1.
The company is expecting weighted AISC to be around A$1000/t (60/40 split) so a weighted sales price of US$1355+ will be quite profitable if the company delivers on its costs assumptions, something we won’t know until commissioning is done and then when fresh ROM material is processed. Don’t let an opportunity to be a “contrarian” go to waste though.
VXL Price at posting:
26.5¢ Sentiment: Buy Disclosure: Held
