nothing wrong with the capex. always saw the metcoal product and...

nothing wrong with the capex. always saw the metcoal product and relatively low capex as the best points about the project.

though $145m on a $280m notional build now cok has 100% ownership leaves me wondering what you think makes up the shortfall - let alone the capex required for linking infradtructure and the gladstone port outlays

margin at curren 92us pci would notionally be -$10-15/tone npat i expect.

ie opex before royalties, admin and transports costs is probably aud 105-110

theyll be wanting the rba to cut rates asap to lower the aud