The overwhelming majority of our Capital Expenditure is being pumped into infrastructure and technology to decarbonise our IO mining operations....for instance we recently forked out A$4 billion on 360 EV Roadrunner haul trucks, plus bucks on electric excavators etc. To power these vehicles we are also investing big buck in solar farms etc to power them.
None of which I would classify as "dogs". As for the breakeven point, 2032 is the estimated year, resulting from removing 700 million bucks p.a. of diesel costs from our bottom line.....Capital Expenditure lead to declining Operating Costs and providing product differentiation price benefits for our Iron ore
The main motivation is to reduce carbon emissions from our operations, however, there should also be, over the next decade, bottom line benefits.
Onwards and upwards! Wes T Tiger jnr
FMG Price at posting:
$15.00 Sentiment: Buy Disclosure: Held
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Wes T Tiger jnr
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