Beserkwarrior,
Not sure I agree that labour costs will definitely be a headwind this year.
We will soon see MAH's results and outlook, but judging by NWH's same this week, they saw EBIT lower in FY21, largely driven by WA costs, but EBIT stronger in second half. More importantly, NWH are guiding to a 25% EBIT increase in FY22 ( already 7 weeks in). Sounds like higher costs may well be being passed through to mine owners.
The whole mining services 'wobble' last 6 months has been a major over-reaction I suspect.
Under The Radar, page-145
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