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It looks to be costing CAI around $40 a tonne to move their rock...

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plough

33,726 Posts.

1794

09/02/24

15:49

Post #: 72328360
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Originally posted by MTV ↑

Yes, I've read it. I was addressing the issue of likelihood of a CR in the near future.

I did also say at least. We will see how it pans out over the next year or two. The new mill site extends their hub and spoke strategy, so there could be more announcements in that regard.

First order of business though, has to be meeting or exceeding forecast production for the remainder of the current FY. After that, consolidation of financial position with ongoing profitable operations. I personally don't expect much action at Nullagine for a year at least, but if the PoG holds up, there will be a strong incentive to move sooner.

All IMO.

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It looks to be costing CAI around $40 a tonne to move their rock (averaged over waste and ore) , compared to CMM who are doing it for around 20 a tonne , why the big difference ?

CAI Price at posting: 16.0¢ Sentiment: None Disclosure: Not Held
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