re: Ann: Prefeasibility results strong case f...
i think most vertically integrated mining and processing companies don't make the money at the mine - all the value is created downstream.
Hazelwood gets more than twice the concentrate price for selling its ferrotungsten.
The question here is - how are any new mines going to start unless they do something similar? It seems the capex required to start new mines just can't be returned just by selling stuff out of the ground.
HAZ Price at posting:
14.6¢ Sentiment: None Disclosure: Held
