I think we're going to see more like $1,000 profit per ounce.
Did everyone skim over the Morila resource upgrade clarification announcement??
https://www.investi.com.au/api/announcements/ffx/021e7531-cca.pdf
They gave a cost estimate for OPEX!
Lets take the conservative estimate provided of $23.50/t of ore x 4,500,000t (throughput) / 200,000 (ounces produced) = cash costs of $529/oz.
Morila = cash cow.
I think we're going to see more like $1,000 profit per ounce....
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