Hmmm yes - APAC obviously not happy with Nifty and cash destruction and make many good points, has anyone seen the sensitivity analysis at what point the Nifty Open Pit + SX/EW restart starts to comfortably make money? I think the recent upside is finally a movement in the price of copper, even if it takes Covid-19 shutting down Chile to acheive that.
Do people think that APAC are here because they want the Renison Tin assets without the headache of Nifty? That seems to be the common theme of most investors here in that they want to own Renison but would be very happy to get rid of Nifty.
From what I have heard and from what the history of Nifty shows, Nifty is an absolute cash destroyer all times, except in unusually high copper prices where Nifty might make money for about 5 mins of sunshine followed by 5-10 years of losses.
If someone discovered another Nifty tomorrow - they could write text books for mining engineers and accountants about how notto mine an orebody....
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