MLX 0.00% 45.5¢ metals x limited

Ann: Nifty Copper Operations Update, page-4

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  1. 1,192 Posts.
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    There is some promising discussion of costs. Hard to quantify but here:

    Improved mill output – Historically the Nifty Mill has produced a 22% copper concentrate whichover the last two milling campaigns has increased to 26% copper. Each one percent increase inconcentrate grade equates to an approximately $1.0 million annual saving in costs to the business;

    $4 million saving?

    Fleet cost seems to have reduced from 700k/month to 150k/month as at 1 July 2019 (So already factored)

    $6.6 million saving?

    So $10.6 million quantified cost savings. But has a lot of this already fed into the FY19 annual numbers? I noticed the costs came down a bit - and more dramatically if you take into account the increase in 'sustaining capital' (not clear what this is.. wonder why it is recurring?)
 
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