To be fair S32 was saying till today it was a $2.4B valuation, so even the $1.8B GS number was a big haircut.
Last year South32 gave an all in capex number of $1.7B for Hermosa. So a $1.3B write-down (post-tax) for delays, water and escalation doesn't make sense ... as this would mean the actual capex would now be say $3.5B.
There are going to be some issues with mine plan, production and opex embedded in this writedown.
To be fair S32 was saying till today it was a $2.4B valuation,...
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Last
$2.94 |
Change
0.110(3.89%) |
Mkt cap ! $13.31B | |||
| Open | High | Low | Value | Volume |
| $2.85 | $2.94 | $2.84 | $67.91M | 23.45M |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.94 | 10000 | 1 |
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