Of course they know. They haven't done a proper PFS so I don't think they are able announce an actual number, but they have run the numbers and they know most of the costs so they would have a very good idea of the per ton costs.
But I don't think they ever signaled or even hinted to what the actual costs are. So now the market is pretty much in the dark and obviously not liking it!
A simple announcement stating the current slide in IO price won't have any impact on their plans towards producing DSO in December and that they still have some margin would probably go a long way to steading the nerves and stopping the SP slide. Quite frankly I don't understand why they wouldn't do that? Unless the current IO price is getting close to break even?
Anyway this has now lost more then 50% of its value in weeks. Might be time to give some information if they have any.
MGU Price at posting:
8.1¢ Sentiment: Buy Disclosure: Held
