Does not work as a straight correlation with the movement between US$ and A$.
Just because the A$ has dropped 25% does not necessarily mean US$ costs have dropped 25%.
Imported items such as flocculents would have effectively gone up being US$ based. Conversely depending on shipping contracts could have had a better than 25% drop in costs.
Unfortunately the biggest individual cost item will be the Treatment Charges-they are in US$ from the likes of Nyrstar. They would therefore remain unchanged.
Cheers,TAS
- Forums
- ASX - By Stock
- OZL
- michelmore still persisting with century
michelmore still persisting with century, page-29
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OZL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online