"costs are increasing and that is not ideal"Hi dsgm,The right...

"costs are increasing and that is not ideal"

Hi dsgm,

The right manager can reduce costs.

UG is stated to reduce mining costs (not C1 costs) by up to 30%. Mining represent about half of C1 costs. Therefore UG can reduce C1 costs by up to 15% (not 30%).
And that is still years away with a payback period of 6 years.

Management needs to start cutting costs now.

In stark contrast to mounting costs at GRR, Fennex Resource's under the management of CEO John Welbourne, has been reducing costs.

1. He has reduced trucking costs to 6 cents per tonne per kilometres (5 years ago the cost was 10 cents), a cost reduction of 40% over 5 years.

2. He is re-opening Shine mine in WA this year and expects to make a profit. (At the time Shine mine was closed in October 2021 by MGX, the IO price was higher than it is today).

Managers like John Welbourne can reduce costs.