NP is 7.55 uslb
Still way above the BFS AISC of 4.90 uslb.
POS is a survivor once again
Sleeping with one eye open and holding all its assets & upgraded mines mills.
All the others & the big boys lost fortunes of $13,500M while POS has sidestepped and survived again.
AFAF burnt $1,200M on Noront and MCR
BHP burnt $11,000M on nullabor black hole OZL
IGO burnt $1,200M on WSA but forced to shutter FF and now shuttering cosmos too.
NC1 ESR burnt through $100M cash on nothing
PAN burnt through $150M cash on restart taking a $50M debt from Trafigura and now in VA
POS has $9M cash NO DEBT NO JUNK BONDS NO OFFTAKE obligations & NO CEO billing $550kpa now either.
POS can survive for another 9 months easy & cut costs back further
It dont need these salaries nor much else other than keep the pumps on at BS open pit & SS decline
Next year or so once & when the NP rebounds back to 10.00 -15.00 uslb (inevitable) it will be POS that will swing up on the upside imho as there are no others left to do so.
And the big boys will be left with red faces & massive cash losses while POS carries on nimble like a turtle in the ocean swimming steady slowly and surely as it has done so for 11 years already.
backstabbers AFAF & Luca will regret their decisions as I stated they would for 3 years now since their dufus selldown here in 2020. TB will be proven right long term.
Merry christmas grinch big boys, Im glad you got the -$13,500M payback you deserved!
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NP is 7.55 uslb Still way above the BFS AISC of 4.90 uslb. POS...
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