Whats the point gravy
Start up unit costs are higher than the industry average, no surprise there.
Have not demonstrated they can run a profitable company. No surprise their either given most of there activity is exploration on much bigger projects.
Expansion to 4000 tons is very significant. I would much prefer this than your project $1. They are already focused on costs. Cost fell 20% in the last quarter and when grade improves this quarter unit costs will fall. They will never get to $1 though but who cares. $1.40 to $1.50 will do me fine.
This is a small underground mine. It cannot possibly have cost structures equivilant to much bigger mines.
At the end of the day I will be very happy selling items for $3.50 that cost $1.50 and I will be even happier selling 4000 units a quarter instead of 3000
This is also only a minor project in the porfolio. Filipina Grande, armenia and tungsten are much bigger projects
- Forums
- ASX - By Stock
- 4000tpd here we come
Whats the point gravyStart up unit costs are higher than the...
-
- There are more pages in this discussion • 22 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SMM (ASX) to my watchlist
|
|||||
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.092M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 15275000 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 1404545 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 15275000 | 0.002 |
16 | 44300702 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 1204545 | 3 |
0.004 | 7686795 | 8 |
0.005 | 4223155 | 7 |
0.006 | 3721565 | 5 |
0.007 | 3478571 | 5 |
Last trade - 16.12pm 09/08/2024 (20 minute delay) ? |
Featured News
SMM (ASX) Chart |
Day chart unavailable