where do you get that $1/lb for Carrapateena?The estimated cost...

where do you get that $1/lb for Carrapateena?
The estimated cost was the target for the expansion mine throughput from 2026 onward. The capex could then be reached to 1.3B.

Did you see they report any C1 and AISC costs in their recent quaterly report?
They didn't because the mine is still in developing phase even though they already produced 1,500 t cu based on the ore stockpiles.

Why did Mlx report the C1/ AISC while the project has been ramping up for the last 9 months since Nifty reset plan. The calculated methods were all wrong because the company reported a doggy financial statement.

Carrapateena is a 4.25 mtpa plant included gold credit.

To seperate cu from au productions
4.25 / 2 = 2.12 mtpa for cu

Fy19 guidance for cu was 2- 4000t cu This is only accounted for the last quarter of FY19-20. The maximum they could achieve for a full year production is 16,000 tpa (4,000 * 4)

Capex was $490 M (980 / 2)

Nifty is a 2.6 mtpa plant based on the maximum output rate of 40,000 tpa cu

Fy19-20 from 16,000 tpa to 27,000 tpa cu if they achieve the 2mtpa target next year.

Capex for the last 2 years was less than $180M

Realized cu price $7,612 / t or $3.45 / lb. This was because they spent too much on drillings in order to achieve the target.

Nifty is the fourth best mine behind ozl, sfr, ais

If you have done your researches then you shouldn't have any fear for the noises.

Unfortunately I could trade this stock because It closed for new investments and I don't want to get rid of it in my portfolio.