Spare Capacity, page-162

Hi Sparecash,

All of your ramping friends have claimed inflation has doubled all other companies' CAPEX and OPEX,

Yet you seem to think this does not apply to WKT with its mining costs. What world do you live in?

Just a hint. Another company recently updated its FS, it is mining half of the material as WKT and has forecast a cost of mining of US$112 per tonne for 1t of concentrate. Yet you seem to think WKT which is moving twice as much material for 1 tonne of concentrate can achieve a ROM of under US$100. It doesn't sound right, does it?