In all fairness a chunk of the $700m was contingency cost so on reflection I think there is scope for cost reduction there and cockatoo probably wont generate substantial NEW capex until maybe stage 5 (not stage 4) is ready( wild guess 24 months)and cockatoo will provide some cheap capital items at deferred expense.
And there will be a capex reduction if they can do a coarser grind, which is higly likely ..... so on reflection I will think no increase in capex. I am just not going to mentally condition myself to a reduced capex ... well maybe $150m reduced but no more, lol.
I am expecting a good opex reduction with a coarse grind and with the good recent results from Isthmus drilling that will help with ore blending.
PLV Price at posting:
23.9¢ Sentiment: Buy Disclosure: Held
