NP at aud $22040T now
3 years ago we were told both BS & LJ would have restarted at those prices at lower grades than now, what went wrong?
The rubbery restart targets keep changing, the reason is , they dont know what the costs will be until they actually restart!
The costs are estimates only
Some busiensses lose money for years and then turn a profit eg Tesla Facebook
But if you dont start you never will know.
14 years weve been waiting, me personally 7 years, while others keep producing like WSA Glencore MM, BHP NW, NIC MBN regardless of the NP, how much longer to wait?!
NP is breaking out to 7.50 looks like.
Should be at 9 now,
If it follows IOP it would be 12.50 now. Would we still have excuses then too?
Start production, slash the costs.
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