I'm going to guess that you could add a further $50m to the below number and get somewhere near $300m of carry forward losses.
This is what i mean re market screaming for more info re Renison Area 5 optimisation study. Need to get this out ASAP. We know it has a resource of 4,450kt @ 1.91% - thats basically 6 years worth of production. We also know it contains a subset of 2,100 kt @ 2.1% and im assuming subsets of that of even higher grades. The optimisation study will look at sequencing the mine so the highest grade resources are stoped first - so I could see the first two years production (1,600kt) at >2%.. but theres no point me specuating this, the market needs to be shown it by management.
MLX Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held
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