Hmm...while the strategy of accessing U/G ore with low capex is fine, the ASIC.... or $2000 does not bode well.
Even $1900 AISC for FY2023 is hardly anything to be excited about. That being said, I think the main issue, is that WGX continues to not provide the sort of clarity that RMS does. What was the non-sustaining capex cost for Fender? As really, its impossible to tell if this operation will actually produce a profit at all.
Ann: Fender Underground Commences, page-3
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