I just had a look at Sigma’s latest financial results for the quarter to 30/9/23. Impressed by their low costs. In the September quarter their cash costs were $US505 in a quarter where they were still ramping up production, in October they achieved a cash cost of $US425 at approx full production. Sigma clearly have not had the operating cost problems of CXO in ramp up.
If LRS has similar cash costs to Sigma then their PEA ASIC of $US536 seems realistic.
I did not realise that Sigma’s production is net ‘zero’ ie 100% green
LRS General Discussion, page-15794
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