RED 2.70% 36.0¢ red 5 limited

Ann: March 2022 quarterly presentation, page-3

  1. 25 Posts.
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    Hmm... not going in the right direction... An increase in AISC to $2400 - $2500, blaming WA labour costs. Based on the reported 600 person steady state operations, and the forecast production for FY22, that'd equate to an increased labour cost of $7.2m/year or a payrise of $12,000 for every single worker at KOTH and all their satellite pits.
    Add in the increased costs of freight/haulage (both general freight and intra-mine haulage) and bulk explosives (think global shortage thanks to Russia) and Red5 are going to be approaching negative territory for the next few months til KOTH is producing at 100% capacity.

    Just my thoughts, not investment advice.
 
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