mental you are only looking at C1 costs.
Take out depreciation on the 777s and then take out how they probably ammortise so called "exploration" not infill drilling out over 5 years and I think you will find the figures are not so rosy
Also have a look at the short life of each of their pits and how they are getting further and further from Paddington mill with lower and lower grade ore, almost like dare I say it high grading.
Ann: Trading Halt , page-15
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