MAK should also be looking at hedging diesel costs for the first couple of years. I think the lack of information about RP market prices and the current weakness in the associated DAP prices is worrying some people.
If there is any DSO at all (and I believe there is) I don't see how Opex can even be $100/t let alone $150/t at current fuel costs for a simple overburden removal, dig and ship operation.
nine msn, page-12
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