The SAG mill is also a long lead time item. Specifically the ring gear taking a long time to manufacture (cast) with suitable precision.
I guess it's a little less than the ultra-mining equipment and one doesn't need a support team on site. Like the ultra-mining equipment, a brand new mill could be sold to a third party when they become critical path pieces of equipment even at a small profit as happed in the last boom.
Still, I look forward to further signs that RXM is ready to hit the go button.
All IMVHO.
Ann: Letter of Intent with Hitachi executed for Mining Fleet, page-21
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27.5¢ |
Change
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Mkt cap ! $211.1M | |||
| Open | High | Low | Value | Volume |
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| Price($) | Vol. | No. |
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| RXM (ASX) Chart |