Will be interesting to see if that gets reflected in the SMM index this afternoon. Any rise is a good one.
$US1200t for 6% probably relates to around $US900t for 5.4% or $A1350t,which would have us around breakeven based on the Dec quarter cost per tonne and will reduce as the year goes on.
The June quarter may be when cash burn comes to an end, capex will almost be zero and the benefits of the dome and the re feed start to kick in...as always the price of Spod rules our future and is out of the companies hands, they can only work on controlling costs.
Cheers whisky
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