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Ann: Nifty Copper Operations Update, page-5

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whitepointer

1,189 Posts.

122

04/09/19

10:18

Post #: 40303265
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Originally posted by tjtian: ↑

There is some promising discussion of costs. Hard to quantify but here:

Improved mill output – Historically the Nifty Mill has produced a 22% copper concentrate whichover the last two milling campaigns has increased to 26% copper. Each one percent increase inconcentrate grade equates to an approximately $1.0 million annual saving in costs to the business;

$4 million saving?

Fleet cost seems to have reduced from 700k/month to 150k/month as at 1 July 2019 (So already factored)

$6.6 million saving?

So $10.6 million quantified cost savings. But has a lot of this already fed into the FY19 annual numbers? I noticed the costs came down a bit - and more dramatically if you take into account the increase in 'sustaining capital' (not clear what this is.. wonder why it is recurring?)

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Yes and the little Aussie battler is still and will continue to depreciate against the USD.

Copper will have its day in the sun and nifty will be set.

MLX Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
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