In the full PFS (2017) posted here previously, you can see the economics were staggering at fe $63/tn and even more staggering now with IO prices at fe$100/tn. As for interest rates, they are still historically low. In 2017 the cash rate was 2% compared to 2.5% today hardly earth shattering (as implied by the announcement). For perspective between 2000 and 2010 it was 6%-7% in the middle of a mining boom...!!! As for the lower AU dollar that is actually a positive for AU miners not a negative. It makes foreign investment in the project more attractive. Yes the cost of materials and construction may have gone up, due to inflation, but so what, we are starting from the lowest cost curve in the industry, using existing infrastructure, with IO prices double what they were in 2017, and a bigger premium for high grade due to the shift to decarbonisation, so in truth and in fact, the project that we invested in (not the one Bryan dreamt up one night) is more economic now than it was in 2017, all we really need is a competent management group to take the ball and run with it.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)