Let’s wait till the final opex number and the assumed price per tonne is released before making assumptions!
If the mine had to reduce costs based on low price environments then you are committed to shipping the 900,000 tonnes of ore to get any product out to market. If market prices stay elevated this strategy has no risk. but mining has low price periods for years!
If all at the mine site then transportation is not required to Gearldton only the final product to market which is 12,000 tonnes. Skeleton crew at the mine site would only be required
AVL Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
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