They give a bottom line AISC of US$2.37 lb. When compared a current price of about $3.40 this gives a margin of $1.04, which looks pretty good.
But the detail of costs and the jumbled way they present it all (12th July 2022) is not very transparent and makes me suspicious. The idea self mining instead of using contractors would add risk. They take delayed mining costs and turn it into 300mill capital costs. They think that puts the risk on the machinery providers but the financiers who have to come up with 1.2 bill wont see it that way.
CVV Price at posting:
25.0¢ Sentiment: None Disclosure: Not Held
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