Nice one mate.The business case for Onslow was always based on long term prices around this level. Or $75 after accounting for moisture, impurities etc. So we should not worry too much unless the average price in a year is materially below 90 bucks. Some days it will be less some days it will be more. On an average if we get 95 bucks over the year that's a Win. Onslow will print cash.Ramp up is important and delivering on fully loaded and delivered china costs below US$50 per tonne at 35mtpa is important. There is no denying that. That's what we can and will control. It won't happen in FY25 due to rampup but should happen in FY26 onwards.
In the meantime look forward to seeing what levers Chris pulls in next 6 months. He had run his mouth and now it's time to prove that up with action. That's the best way to shut the critics up.
Ann: FY24 Full Year Financial Results Presentation, page-153
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$40.15 |
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