Ann: Restart Study Repositions Finniss Operations, page-35

You appear to have missed this line in the restart study:


You are welcome to your opinion that the cost reductions that Core have advised are all BS and their cost structure remains as per previous reporting of open pit mining with inefficient processing cost arrangements.

If you were to believe the presentation material presented by Core today (A$690-A$785/t FOB cost), profitability occurs at current prices, not the US$1,100 to US$1,200/t (SC6) you are suggesting is a necessary price for Core to reach break-even.

Core are advising they have a cost structure that would put them #3 within Australia (behind Greenbushes and PLS but ahead of all others).