Don’t get your knickers in a twist fellas.
If you used more of your time for research instead of posting insults at others who do actual research you might find that to be more productive?
Jeff is right though they did have Ore on the ROM and that is an old CG report so I found a more recent one from end of May. Thanks Jeff.
CG as per May were being told commissioning completed and first production end of June with sales/shipment in July. We know how that panned out.
They estimate 180kt to EOFY 19 at price of $518 but AJM haven’t met the first shipment in July timelines so this will be less time of production over the FY leading to higher overall cost/lower production estimates. So yes Jeff I am (or CG if you want to be technical) “disparaging about costs as low as $400” in your words, near term.
Costs will Be higher than $518 pt during the ramp up phase which AJM stated as 6 months (no indication from CG of how long they expected ramp up) and they will reduce all the way through that phase as production increases and unit costs lower but as per CG estimates (and >1 month of delays to previous CG estimates) costs will be higher than $518 and will only get that low if they can meet guidance which they have not done to date.
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