The mine has been running around A$65m of expenses a quarter and producing around 2,000t - so $65m/2,000t = A$32.5k/t.
Of this A$65m is around $20m of capital works. I would hope to see overall expenses drop to A$55m as capex unwinds and production lift to 2,500t as the higher grades feed through and they fix recoveries. $55m/2,500 = A$22k/t.
But as others have pointed out - the market now wants to see the production lift as it always seems to be coming but has yet to really materialised.
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Last
53.8¢ |
Change
-0.008(1.38%) |
Mkt cap ! $474.2M | |||
| Open | High | Low | Value | Volume |
| 54.0¢ | 54.0¢ | 53.0¢ | $434.5K | 811.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 19213 | 53.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 54.0¢ | 458628 | 7 |
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| Last trade - 10.57am 25/06/2025 (20 minute delay) ? |
| MLX (ASX) Chart |