Ann: Revised Shipping Strategy Yields Substantial Cost Reduction, page-145

Well aside from the "A great way to lose money", the analysis was excellent.

Please have a re-read of the Pit Design (page 10) of the 3 December 2020 updated Pre-feasibility announcement. The emphasis is added.

"The open pit designs were based on pit shells derived from an open pit optimisation study. Mining costs of $6.50/bcm mined, $17/t processed and $42/t ore haulage and $12/t port charges were used..."

So there we have it - Rocket with a Sell sentiment is guessing A$35/t and this will have E25 losing money. The PF analysis used a higher figure!!