do you understand how mining works?
You don't start moving overburden from one boundary to the other all at once.
A section of the overall resource is mined first and there would be profits made before going onto the next section.
Do you understand?
WA1 will also earn in the vicinity of $400m per annum after tax mining the high grade 53mt @ 2.1%, mining for 30-50 years.
The overburden cost you talk about is a drop in the ocean.
Ann: $2.5m Placement to Accelerate Drilling at Equador Project, page-56
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