Just re-watching the RIU Sydney presentation with higher Cu prices in mind.
At $4.85/lb we have $300 million AUD FCF p/a for Antler LOM and now above $5/lb the gravy just gets sweeter.
We WILL get to 15Mt+ at Antler especially with the extra land parcel we picked up from Santa Fe in the SW parcel.
We will get 15Mt if we keep going deeper on current leases but if we can get it at shallower depth on the new leases, that's more cost effective.
In an inflationary decade ahead, costs will go up some but the pricing power is in the commodities space so the bottom line upside far exceeds the cost of goods/services increase.
It's a money printing machine, doubt we will be here in the current form as we go along and de-risk the project to the satisfaction of a bigger fish.
Let's see how long till the market wakes up, my guess it will when the sector rotation from bonds and tech gets into full swing.
NWC Price at posting:
4.1¢ Sentiment: Buy Disclosure: Held
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(20min delay)