RXM 0.00% 46.0¢ rex minerals limited

❤️ potential Copper multi bagger, page-141

  1. 201 Posts.
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    Regarding AISC.....RL said in CRUX interview “we’ve got an all in cost of $1.61” the true ASIC would be much closer to $3.00 than $1.61——then there’s the CAPEX of US$410 where costs have ballooned recently plus there’s material shortages including a critical shortage of structural steel——and now there’s the price of money increasing.

    I have no idea where your continual reference to $3/lb AISC comes from. Certainly not from any calculation on the cash costs + sustaining you've shown.

    Here is a public plot of AISC for 2020. To have AISC of $3/lb would put Hillside almost off the chart. Given its grade, mining method, throughput rate, recovery, established infrastructure, and Tier 1 jurisdiction I would say it would be well in the pack, not an outlier in the 4th quarter costs than you are claiming.

    https://hotcopper.com.au/data/attachments/4232/4232319-56e76eee8aa348d9f9e8a2e154b7b695.jpg



 
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