There is some promising discussion of costs. Hard to quantify but here:
Improved mill output – Historically the Nifty Mill has produced a 22% copper concentrate whichover the last two milling campaigns has increased to 26% copper. Each one percent increase inconcentrate grade equates to an approximately $1.0 million annual saving in costs to the business;
$4 million saving?
Fleet cost seems to have reduced from 700k/month to 150k/month as at 1 July 2019 (So already factored)
$6.6 million saving?
So $10.6 million quantified cost savings. But has a lot of this already fed into the FY19 annual numbers? I noticed the costs came down a bit - and more dramatically if you take into account the increase in 'sustaining capital' (not clear what this is.. wonder why it is recurring?)
MLX Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
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