Mason,
The reduction in unit costs is largely a reflection of the expected increase in output, not so much because of expected reduction in actual site expenditure. Therefore imo you don’t have grounds to be so sceptical.
However I am not expected the unit costs to drop as much as projected because I don’t believe actual site expenditure will drop even as much as projected. I expect the inflationary pressure to persist, and for productivity issues with a stretched workforce.
You don’t have to go from super unrealistic sky high expectations to supersceptic in a mere year.
S/SN is never going to make this a $b company, but perhaps half that with some luck and good management.
EL
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