I agree that they may be slower than that, and I reckon that Ive pigeon holed myself with the idea of bringing on eagle downs asap. Taking the ROM production numbers from the og aquila dfs, it seems like the latent capacity at poitrel mill is too small, and any other option involves trucking from ed to issac mill as well, and also shutting down mavis downs contribution to get it to fit.. I figure the current low margin tonnes at Poitrel should be supplemented by HCC/SHCC from ED HCU seam, with lower cost from a full and expanded mill, but the Capex may be beyond their reach with current prices.
The last time the PCI discount was this low was a 6 month period in 2018, i think.
SMR Price at posting:
$3.15 Sentiment: Buy Disclosure: Held
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