Malle Bull, page-16

Micky,
In the new world of bulk UG mining, costs are being greatly reduced.
Caving costs are now well under $20/t and are approaching open pit costs since one does not strip waste as much.
EH AISC should be very low since it is mostly a copper mine. Copper will pay most if not all of the operating costs.
I think a 50mt Apollo Hill needs to be about 1.5ppm Au. Compare to the size and grade of RRL open pits that are profitable.
I was against the Apollo Hill work too but I acknowledge that PEX need to keep the leases in good standing.
Still wet in central NSW so things may be moving slowly. IPT, HLX, ARD have all reported delays due to the wet last few months.
Cheers,
Pushhi