Takeover, page-110

Prefer TB
im funny, interesting, dynamic & full of good crap.
but more importantly ive asked the tough questions & call out bs for 8 years here.

could have been a $10 millionaire by now if put that in fmg tesla or apple instead, but here i am.

C1 costs, so aisc are double those? Last i checked royalties & admin where nowhere near 100% of production costs & how can transport costs be the same W to BS when instead of a 200km drive you now have a 400m conveyor belt or truck drive?

if the C1 was us4.05lb in 2014 then this must be now 2.40.
if the breakeven was 5.00 as RD claimed in 2017 then aisc must hsve been that then WITHOUT ST GS!

and if you take out the $20M already spent on SS BS since 2014 ex the DD then how much more low capex do they need if its all in good condition & 35% of the upgraded mill by norilsk was only used for 3 years.

on my maths, c1 is 2.40 & aisc are at 4.05 now ST to BS.

there is no trucking, no road sealing needed, no SS refurb needed nor 1.7% grade, no W refurb needed, no new decline needed, with aud$ 23% lower today & cheaper wages for drive in drive out workforce, no airplanes new toilets or trains or rail lines needed.

if you project $280Mpa revenues and ebitda of $120Mpa as Morgans have already, then whats $20M to start it up, its comparatively small & they have that in bank right now!

world class high grade attracts banker darlings yet POS doesnt need $800M like SIR did nor 2 years of building.

its freaken sitting on a plate!
they are working & restarting in secret, same old pos same 2014 script.

POS can outproduce WSA by 4 times & has 6 times more mill capacity but its MC is 4 times less!
once producing even at a loss, market has to apply a PER to the EBITBA hence why WSA is valued at $750M.

start production at the ROM pad then SS then DD ore, then ST, simple.
no crap.