MAK should also be looking at hedging diesel costs for the first couple of years. I think the lack of information about RP market prices and the current weakness in the associated DAP prices is worrying some people.
If there is any DSO at all (and I believe there is) I don't see how Opex can even be $100/t let alone $150/t at current fuel costs for a simple overburden removal, dig and ship operation.
AEV Price at posting:
57.8¢ Sentiment: LT Buy Disclosure: Held
