pre open ann pending, page-25

jakebrock,

Yeah it is a relatively high production cost and during times of cyclical "lows" this mine could be loss-making.

But the mine is only forecast to stay in production for a couple more years, so a loss is unlikely in that time. And as mihal said it's in line with expectations and well below the current sale price so it's firmly in profit territory. The price will likely drop a bit as production increases too.

Then of course they will have to decommission and rehab it, which will cost money but should still leave them with a positive NPV for the mine from the time of purchase.