Yes, I acknowledge that red.
However... 2 things:
1) The opex figures are VERY conservative, and factor in June/July diesel prices which are off ~15-20% atm, and don't look like going up in a hurry due to the GFC.
2) The opex figures quoted are pre-railway line extension (or slurry pipeline?) from Tennant Creek to Wonarah, which will reduce opex significantly. Only need 2-3yrs at 3mtpa at USD$150/tonne RP and AUD$150/tonne opex to secure enough balance sheet strength to get one of these options financed.
I know that it costs about AUD ~$8/tonne (round trip) to truck Iron Ore ~80kms in the Pilbara, and about AUD ~$10/tonne (round trip) to truck it 120kms in the Pilbara, greater efficiencies at distance at all that.
I would est. that trucking the RP to Tennant Creek would cost approx. $20/tonne, however, the expense is in the double handling of the RP, i.e. loading the trucks at Wonarah, unloading the trucks @ TC, loading the rail wagons at TC, unloading at Darwin port.
With a rail extension from TC to Wonarah, the saving could be as high as AUD$40/tonne (removing the double handling and substituting the trucking costs for cheaper rail haulage).
Even if that brought the opex down to AUD$110/tonne, even at AUDUSD 0.75, that is opex of USD ~$82/tonne... even the MD of Mosaic thinks there is a snowflakes chance in hell of RP prices ever seeing those levels again!
- Forums
- ASX - By Stock
- chart nearing crossover
Yes, I acknowledge that red.However... 2 things:1) The opex...
-
-
- There are more pages in this discussion • 1 more message 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 AEV (ASX) to my watchlist
|
|||||
Last
1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $32.44M |
Open | High | Low | Value | Volume |
1.3¢ | 1.3¢ | 1.2¢ | $78.21K | 6.500M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 2963545 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 378238 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 2963545 | 0.011 |
7 | 4379547 | 0.010 |
6 | 3392722 | 0.009 |
2 | 204999 | 0.008 |
4 | 5033000 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 378238 | 1 |
0.013 | 2191076 | 5 |
0.014 | 2983982 | 10 |
0.015 | 812633 | 7 |
0.016 | 11087725 | 15 |
Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
Featured News
AEV (ASX) Chart |