AUZ 6.67% 0.8¢ australian mines limited

Anyone able to get any joy out of these figures? "32 tonnes...

  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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