Ann: Singapore Future Facing Commodities Corporate Presentation, page-4

@calmbeforestorm
Yes, I was being overly cautious with the CAIC

Tax offsets using previous banked losses.
Low forward depreciation and amortisation costs thanks to previous huge infrastructure and asset writedowns.
Deposits close proximity to mill.
Underground deposits proximal to each other.
Uber fat mining widths.
Plus 3.5gt head grade.
All this means SPR should easily become one of the lowest cost producers in Australia.