The recently published cash cost for LTR is in AUD. But it’s also an average cash cost across the whole LOM. Given ramp up almost never runs as expected, I’d imagine cash costs to be closer to $1000/t than to $650/t for the first few quarters.
Once you add the remaining costs in to get to AISC, I am guessing that a profit for LTR (For those first few quarters) is starting to look pretty questionable.
Is there a possibility the company will just push back production by 6 months? Why rush production when potentially just breaking even or burning some cash.
ASX Today, page-35819
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Last
79.8¢ |
Change
-0.013(1.54%) |
Mkt cap ! $1.921B | |||
| Open | High | Low | Value | Volume |
| 81.5¢ | 81.5¢ | 78.5¢ | $3.464M | 4.349M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 140685 | 79.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 80.0¢ | 245872 | 19 |
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| Last trade - 12.27pm 04/11/2024 (20 minute delay) ? |
| LTR (ASX) Chart |