I don't have a number for that yet @borano - I plan to spend some time next weekend improving my simple CRN Model now that I'm in up to my eyeballs WRT the June Qtr results I'm betting/hoping you are right that they continue the good work from the Mar Qtr and the announced rain/maintenance impact is not too brutal.
One point - it's probably worth also adjusting for their stated $100m in expected reduced costs for the 3 quarters (rel to the Mar Qtr) if we're throwing darts for a mining costs for the June Qtr - summary from Mar Qtrly below. Not all of this will impact Q2 but we know logan surface operations have idled for eg - I dunno some allocation seems likely - maybe $20m?
Further cost and capital reductions of up to $100 million are expected to be realised over the remainder of the financial year (post-March 2025), specific measures include: - Rephasing development at the Buchanan Complex to reduce direct mining costs - Idling surface operations at the Logan Complex - Implementing across-the-board budget reductions at the Curragh Complex - Engaging with suppliers at Curragh on required reductions - Potentially removing another truck and excavator fleet from Curragh later in the year
CRN Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
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WRT the June Qtr results I'm betting/hoping you are right that they continue the good work from the Mar Qtr and the announced rain/maintenance impact is not too brutal.
(20min delay)