Good question - minimum wage ~ 500 a month (aus eq). So could we presume for a miner? ~ 1000 a month.
Basically wage is 1/20th of Australian miner (no idea workcover/superannuation) Prima facie its a massive saving
Maybe no accomodation / flights for workers / meal costs et al as well
Agree it is close to China and that is of concern. On the flip side, it's a lot closer to manufacturers that will need the product (I appreciate the shipping costs would be incurred before this stage) Further, this concept of a 2nd (or maybe 3rd) facility could be genius if China interferes in the region.
I'm a lot more comfortable since the last quarterely and really like this direction and am confident they have learnt from their mistakes. (Yes, you were absolutely right we were lucky they had so much $$$$ in the bank)
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