CGS,
A great question.
To best of my knowledge, company has not given data on this, except that LT average cost might be around AUD680/t.
I am hopeful that KV commissioning, sharing the experiences of our predecessors, Lycopodium and recent major plant like Sigma's in Brazil, might go smoothly. Though I fully understand management reticence to forecast that.
In any event, low volume in year 1 is always your enemy, offset slightly in KV case by the huge pile of selected ore sitting waiting (without mining cost) above our untrialled Sag mill.
My own thinking is we might actually break even in FY25, if prices average USD 1,100 FOB Geraldton. They are not perhaps there yet, but I fully expect them to get there by 1 July, 2024, and to rise from there.
So, I don't expect we will draw fully the new facility, or any replacement, to meet WC losses.
And part of my thinking is AUD will stay low against USD for a while, based on lower iron ore prices.
But just my view, and best guess, and invite other inputs.
- Forums
- ASX - By Stock
- ASX Today
CGS,A great question.To best of my knowledge, company has not...
- There are more pages in this discussion • 1,319 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LTR (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.24 |
Change
0.015(1.22%) |
Mkt cap ! $3.006B |
Open | High | Low | Value | Volume |
$1.24 | $1.26 | $1.23 | $8.241M | 6.611M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 87470 | $1.24 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.25 | 43680 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 87470 | 1.240 |
10 | 269233 | 1.235 |
6 | 115412 | 1.230 |
7 | 90761 | 1.225 |
10 | 218819 | 1.220 |
Price($) | Vol. | No. |
---|---|---|
1.250 | 43680 | 2 |
1.255 | 63498 | 4 |
1.260 | 103375 | 9 |
1.265 | 191500 | 6 |
1.270 | 137226 | 9 |
Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
|
|||||
Last
$1.24 |
  |
Change
0.015 ( 0.97 %) |
|||
Open | High | Low | Volume | ||
$1.24 | $1.26 | $1.23 | 2072730 | ||
Last updated 15.59pm 06/05/2024 ? |
Featured News
LTR (ASX) Chart |
The Watchlist
ACW
ACTINOGEN MEDICAL LIMITED
Steven Gourlay, CEO
Steven Gourlay
CEO
Previous Video
Next Video
SPONSORED BY The Market Online