Why will LTR be a high cost producer???
Look at power....
Zenith paid for and own the solar farm, wind turbines, battery storage….
They also own the diesel/gas generators.....
These generators can provide 100% of power requirements....
Zenith charge LTR by kwh used......
They have to recoup their costs......
This price is higher than if they only had fossil fuel generation like Wodgina…..
Then UG uses more power than open pit.. ventilation etc....
Core and SYA production cost is well above market price....
LTR will be worse.......
Longer transport distance....
Massive loans to repay.....
More expensive Flotation....
Relying on unreasonable recovery rates.....
Way above even Greenbushes who have superior grades.....
Gina is well aware of all this......
ASX Today, page-38409
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