MOY 0.00% 5.1¢ millennium minerals limited

Ann: Pause in Trading, page-14

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  1. 429 Posts.
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    Currently their mining is undertaken by a contractor. This is useful to start an operation with as there is no CAPEX to purchase mining equipment and results in flexibility to cut or add capacity quickly from a mining perspective. However, in general it is more expensive to operate then an owner operator model where the company owns and operates its own mining fleet. It would be expected a positive step change down in AISC.
 
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Currently unlisted public company.

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