AUZ 0.00% 0.9¢ australian mines limited

any profit guidance, page-5

  1. 93 Posts.
    Anyone able to get any joy out of these figures?

    "32 tonnes hedged at AUD 58,100/T"
    (about USD 50,000/T). So far so good.

    But all "All future mine production is totally unhedged"

    & Total mined costs (including capital) increased to A$21.91/ lb" (about USD 41,000/tonne)

    That is about A$48,200/tonne. Nickel is at about A$37,000/T today. Unless that cost can be reduced or nickel shoots up in price it looks like it will be hard to make a profit?



 
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