Hi prhb
I work out ERA's production cost at ~US$24.60/lb.
i.e ERA's 6 mths (EBIT) A$176m / 5.4Mlb = A$32.59/lb
or A$32.59 x 0.718 = US$23.40/lb (Exchange Rate as per ERA's Report)
Sale Price US$48/lb less Profit US$23.40/lb = US$24.60/lb Production Cost.
EXT has a current estimated production cost of US$23.6/lb according to their Scoping Study. Figures in Scoping Studies are usually conservative with up to a 40% margin for error.
I would expect this figure to be closer to US$20/lb when the DFS is released mid next year.
Regards
Steve
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Hi prhbI work out ERA's production cost at ~US$24.60/lb.i.e...
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