Of course the Dec quarterly is going to be less than rosy.
But really...that was to be expected...how often does mining/manufacturing conform to the ideal?
The 08/09 year was always going to be the "proving ground" and frankly if they shake Renison out and prove they can make it viable when the previous incumbents couldn't, then that is a big step forward.
Plus...presently we do have some fat there in the margin if we can keep Sn prices where they are in AUD terms.
Final Point: The announcement could have been a bit more forthcoming with the facts rather than leaving people with the task of "connecting the dots".
Last costs estimates were at $8,500tn with revenue around the AUD $20,000. If costs blow out 15%-20% we would still be cheaper than the Indonesians.
MLX Price at posting:
9.0¢ Sentiment: Hold Disclosure: Held
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