I agree.
I think opex is high because we will not be "the operator"
So the company that runs the extraction process will make a profit of $/t, the company that runs the camp will make a profit and the logistics company will make a $/t profit....all on top of what the "actual" opex cost would normally be. if this thing is going to go long term we would need to in source the mining and maybe take a 25%slice of the rail company to reduce the opex cost base
nine msn, page-13
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