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$1.01 magnetic resources nl

Ann: Outstanding value demonstrated by PFS at Lady Julie Project, page-10

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Joelstar

3,758 Posts.

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07/03/24

23:28

Post #: 72803947
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Originally posted by plough: ↑

I looked at the feasibility study , I can not see how the CAPEX on a 1.8mtpa CIL plant comes in at less than $60M , there has to be labour build cost on top of that and should be shown as a CAPEX expense also otherwise it is disingenuously optimistic from an IRR perspective , would be good to see from GRES what their costing would come in at .
the sub $4.20 a BCM cost seems very low compared with what the likes of CAI came up with for their Bulletin satellite pit which was closer to $18.50 a BCM . Especially strange Ore movement cost is the same as waste movement cost per BCM at 4.20 given a smaller excavator is used to excavate ore compared to waste so less efficient so cost should be higher .
The average strip ratio of near 14:1 is not a good look .
Using diesel as a fuel to make power at $0.60 per KWH just shows how uncompetitive the Australian mining industry has become , thought there was a gas pipeline to Laverton .

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I agree Plough no way would a plant of that size be built for 60 million.
I'd add at minimum another 30 million to that number and it would still probable be under the actual cost.

MAU Price at posting: $1.11 Sentiment: Hold Disclosure: Not Held
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