DVP 2.67% $2.19 develop global limited

EBIT $550m cash costs $1.57/lb Cu, page-8

  1. 262 Posts.
    lightbulb Created with Sketch. 4
    This Capex was higher than the mkt wanted or expected. The company has stated many times since Dec2012 that it was optimising the DFS. The last presso in June14 says "simplifying plant and infrastructure design.. Optimising Capex.."
    I would expect a lower Capex number when they eventually get it out. Hard to say where the savings will come from or by how much, but any improvement would go straight onto NPV.

    On the plus side, the tighter Zn market is jamming the C1 number down, currently +14% compared to DFS assumption.
 
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