The DFS in 2014 was based on $141 - $155 USD/t and had a NPV of $360M USD.
Even if the realisable coal price was $120USD, with the drop in the cost of diesel the NPV is several multiples of the current MC.
The ore has to travel over 770KM from processing to seaborne transport in Taboneo according to the DFS - the 60-70% drop in oil is significant here no matter how they transport it.
Even half that NPV is 5-6 times larger than the current MC.
Goes to show the true cost of management
Ann: Funding Update - 3 Transactions being pursued by the Board, page-89
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