JD ARL’s -36c cash costs even when using the excessive $41.63 Co and $8.80 Ni price assumptions in contrast to CLQ’s $30 and $8 are 2.5x worse off than CLQ’s -92c (I have removed CLQ’s Sc and ammonium sulphate credits). ARL even have superior Ni grades.
ARL - not the best demonstration of ‘5th Gen’ by all means?
New approach needed, perhaps? Robert thinks so.
Where is the bottom ???, page-304
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