If comparing to say WGX worth $890m with guidance of about 285,000 and AISC of AUD$1395 then may think a little expensive, although to be fair I think WGX is trading at a unreasonable discount so maybe Super Pit price about right.
but when thinking of where the asset should be in 3.5 years when at 350,000 a year and AISC at AUD$1200 then can argue it’s cheap.
yes short term pain, but should be great for long term holders
SAR Price at posting:
$3.39 Sentiment: Buy Disclosure: Held
