Hi Topo, I see Macquarie are already forecasting capex blowouts well above DFS for RNU. With likely blowouts in Australian opex costs in my view as well due to labour and energy do you think Australian operations will be able to compete against Tanzanian operations or do you think Australian projects will suddenly start being delayed, even more than they already have been. I still wonder if that was part of reason for our Kwinana facility getting put on hold, those rising costs in Australia , near full employment etc.
Anyway, hopefully the RNU updated BAM study turns up soon, be interesting to see what numbers they use and hopefully we get updated SPG selling prices from Benchmarks. I suspect RNU will need those selling prices to be quite high to justify their project.
Anyway, interested in your thoughts.
EGR Price at posting:
16.0¢ Sentiment: None Disclosure: Held
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