Thank you for your insight. If your capex estimate of $60 to 80 million is correct then yes the BOD should definetly be handing over an increase to the shareholders.
I see in the pdf that you attached there was considerable outlay of $2.3 billion for the haulage drives . . . yes volume is more in your provided example but at less than half the depth of Grange.
I feel that your estimate could be light on. I think the cost will run into the hundreds of millions . . . not tens of millions as you suggest.
Quarterly predictions, page-408
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