Currently it costs around 150M per 1 mtpa so obviously HGO are ahead on that front , but they have a PLANNED short LOM so doubt if CAPEX cost is relevant when comparing with peers
"It certainly doesn't provide any support for your argument that HGO's management don't know what they are doing and that HGO's feed grade and mining costs are too low."
I apologise if I previously stated HGO management "dont know what they are doing" if you have a reference to me stating that , that would be appreciated .
I do not know how HGOs mining costs could be too low, as you stated to me the lower the costs the better IMHO .
As to feed grade being too low , feed grade as you inferred correlates positively with profit margin ,in the case of HGO it will be interesting to see if the revenue per tonne of ore mined is higher than the negative correlation of all the costs involved in mining that tonne .
Simply I tend to think they have underestimated their costs per tonne of ore mined , and I have had that view on here for about a year ,guess we will see in the next month or two if I am wrong .
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