bootu is currently at the lowest quartile. Largely due to the depreciation of the usd vs aud. When the mine was first launched it was launched as a low cost mine. However aud to usd was at 0.65. When aud appreciated to .9 usd. Bootu was no longer a low cost mine. However, at current exchange rates. Bootu is a low cost mine at the 1st quartile.
if im not wrong contribution of bootu to net profit was about 50 or 60m aud. Not 95m, jupiter contributed the rest. Bryah basin and the tailings plant will be sufficient to replace bootu. By 2021 om holdings will be in a net cash position. Bryah and the tailings plant will contribute 350 to 450k tonnes of material, while the 30mil in finance cost will disappear. The tailings plant, bryah basin and repayment of the debt will more than supplant the reduction of manganese production.
OMH - Strong Sell, page-5
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