The future of IO is on the high grade stuff as not only is it Cheaper to use but pollutes less and this is were China is heading , thus why we are seeing an ever growing price differential between the grades.
Initially I was not s fan of redeveloping KI but that is because I wasn't across the numbers , both costs but premium received for high grade.
The capex to develop( 90 odd million ) is insignificant relative to the production and margin profile but also relative to MGXs cash levels
The ore they will produce commands a big premium to 62% fines , and importantly the AISC are likely to be low 40s AUD. on current pricing that is a very large margin of almost 60 dollars AUD
I think when MGX release the feasibility on KI why 5.5-6 m , we are taking about a 270-300 cash flow on a 90 m dollar spend
Good time for MGX to Swallow AGO, page-2
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