Hey Baro, I follow a lot of companies in the sector. WGX for example, has basically stated its finding it somewhat challenging to find key workers (however, sadly, they did just have a fatality in their U/G mine, that could have affected things too). I note that OBM just refurbed their plant on budget, whilst PRU was able to come in under budget on their huge Yauore project in West Africa.
I think any orders now being placed, are perhaps starting to see cost pressures, but, luckily, fuel costs are still low and the competitive build process is still in play. In any case, CMM is closer to the end of their build, versus the start.
RRL hopes to build a new mine next year. They have stated they do see some large cost pressures (but, a lot of that is regulatory issues).
I do think that those on the ground, are likely seeing good pay rises (unlike basically, the rest of the economy).
I would be pleased enough to see them hit budget, considering their project is quite a bit larger than most of the small/mid tier builds recently undertaken.
I hope that they start to ramp up the flow of information to share holders. Like the steady build of ore on the ROM pad.
CMM Price at posting:
$1.67 Sentiment: Hold Disclosure: Held
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