Agreed that another GFC would put restraints on capital but this mine would still be profitable at those levels.
This is an old report but if you what to look at what effect another GFC would have best we look at history. The surplus was only 88 000 ounces in 2009 hence the reason for a big price correction in platinum.
Also found the mine model costs of interest which would be in line with our capex required.
"The mine is assumed to have a 30-year life and a lead time of three years. We assume basic project capex of R9.1bn, and an incremental R2.2bn to build smelting and refining capacity. The basic project capex requirement represents R25,000/4E ounce of annual production."
