Completely agree. The majority of costs (about 100USD) are in haulage of product from JWD to port; which is inherent in the location and haulage means. This will only be fixed by deep capital investment, but that is not viable for a resource the size of JWD. Yarram on the other hand will have costs closer to what you have pointed out due to location near port. I don't believe costs could be meaningfully reduced at JWD in the short term, so that leaves the only value addition being high IO prices.
CUF Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
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