I haven't been following all of the cost calcs, what is the cost of prestrip?
An important thing to remember here is that if the costs are excluded from the P and L (hence unit costs) they will still have a cashflow impact.
Prestrip if deferred will be placed on the balance sheet as an "Asset" (deferred costs or development in advance or some other description) and then charged back to the P and L over time as the ore is extracted i.e. the costs of production will be matched to the physical extraction of ore.
OZL Price at posting:
$9.20 Sentiment: Buy Disclosure: Held
