I particularly liked the information below. Depreciation of fixed assets and amortisation of capitalised mine costs on a brand new mine of this magnitude will be extremely valuable to LTRs bottom line. Depreciation is ‘money in the bank’, a taxable expense that will be taken of the income and will be huge, for many years to come.
’’From AGM Presentation Expected A$775 – 855 per dmt SC6 sold unit operating cost (FOB)2 for H2 FY25 Focus on cash optimisation is expected to yield strong results and a good cost structure for the cycle.
2. H2 FY25 Guidance - Unit operating cost (FOB excluding freight and royalties) includes mining, processing, transport, port charges, and site based general and administration costs and is net of any tantalite by-product credits. It is calculated on an incurred basis and includes inventory movements and credits for capitalised mine costs, and it excludes depreciation of fixed assets and right of use leases, and amortisation of capitalised mine costs.’’
LTR Price at posting:
77.5¢ Sentiment: Buy Disclosure: Held
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