Ann: First Nickel Concentrate from Avebury, page-145

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15/01/23

08:46

Post #: 65697226
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Originally posted by aubin ↑

I noticed this quote from an article on Share C a f e.

“Pantoro also announced it will suspend mining at its Halls Creek gold mine in WA’s Kimberley region to focus on Norseman. Pantoro blamed risingcosts and labour shortages for the decision to abandon Halls Creek. "Costs across the industry have risen significantly over the past year while the gold price has remained essentially static. At the same time, skilled labour availability has remained a challenge,” Pantoro told the ASX using comments that will be echoed in December quarterly reports across the entire mining sector this month.”

It caught my eye because it related to rising costs and labour shortages and I’m interested in where MYL sits with these two issues, and because I’ve been aware that PAN (probably MYL’s closest Australian look-a-like) has been struggling with the same during it’s ongoing ramp up following the restart of its Savannah Ni mine also located near Halls Creek.

And also related to rising costs, a 20.12.22 graph from Costmine:

For comparison Australian CPI has risen over the same period from 100 to about 178, not too different from US CPI.

It’s just as well the Ni price is strong:

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Good questions - and certainly not one that the company will answer - now that we're almost at the point of not relisting. Good work MYL!

MYL Price at posting: 70.0¢ Sentiment: Hold Disclosure: Held
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Ann: First Nickel Concentrate from Avebury, page-145

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