SMM 20.0% 0.4¢ somerset minerals limited

is higher grade copper coming .., page-11

  1. nsh
    812 Posts.
    on the contrary I'm extremely pleased with the way they talked about costs:
    the contributing factors:
    - 3rd party ore purchases which have now ceased. (tick)
    - large decline in US dollar (something they can't do anything about)
    - hiring external consultants to address costs (tick)
    - improving grades (the report went some way towards describing this and provided data - I don't know how you missed that)
    - reducing head count (tick)

    I don't care if they didn't mention a target number. In fact, considering two large factors in costs are energy and currency - things that TMR has absolutely no control over whatsoever, I think mentioning a target costs is like picking a number out of hat. They've stated how they can address the things that are in their control, and to me, it looks good.

    Are we reading the same report?
 
watchlist Created with Sketch. Add SMM (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.