eqe didnt own the mill/cashflow in the sep qtr
thats a 600ktpa rated cil mill - albeit old and with limited current licence life - bought for ~$5m aud+ liabs
it would cost $90m+ to build one today imo
would really thrive with better feed grade - but yes - super leverage if you think PMs will go higher on trend
just stuck in a rut with PM prices backtesting and the deal and share tightening in prospect
if this cycle is as capex inflationary as I expect - built mines with mill teams who know how to operate them are going to be hard currency
eqe didnt own the mill/cashflow in the sep qtrthats a 600ktpa...
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