Also need to use comparable values, the IO/C1 values quoted for FEX are AUD. The SRK ones are USD.
You will find that FEX have been very conservative with their FS NPV(USD $78/t IO price), whereas SRK more 'optimistic' using USD $100/t over the life of the project. They need to do this as their forecast C1 costs are USD$65/t.
Both can make good money if the conditions stay favourable.
Disc - hold FX, but have held SRK previously.
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