I am not privy to the Citi "analysis", but I do know that once production commences, the capitalisation of certain expense is no longer within accounting rules. Could it therefore be that these 2025 FoB cash costs (and it is not clear whether it's 2025 FY or Calendar year), have a substantial element of sunk costs for pre strip and underground development expenditures?
What I do understand to be the case is that LTR C1 costs were forecast back in late 2023 to be around mid range on the cost curve over a 10year average. And further, that they were around half of the high cost producers on the chart. Current Spod concentrate look through market pricing is very close to the DFS estimate for long term and upon which our project gained board approval for its development. Price outlook into second half of calendar 2024 and 2025 looks positive from most sources.
regards
DF
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Last
$1.33 |
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Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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2 | 102926 | 1.315 |
6 | 36811 | 1.310 |
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Price($) | Vol. | No. |
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1.330 | 198433 | 22 |
1.335 | 136661 | 4 |
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1.345 | 104897 | 4 |
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Change
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