Talk about anything, ASM or otherwise., page-334

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cobrakai1984

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26/10/22

11:45

Post #: 64403718
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Originally posted by fup: ↑

looking across at all the capex increases in the mining sector in australia (HIO basically abandoned their project, TNG announced they don't know how much extra their mine/plant is going to cost) and labour shortages (SBM shocker recently) the optimisation study costs look really undercooked now. as a reminder the dubbo optimisation study headline amounts:
Capital cost estimate of AUD 1,678 million consisting of direct capital of AUD 1,307 million, indirect capital of AUD 208 million, and a contingency of AUD 163 millionit's been almost one year since the study was released and we have seen pretty significant labour and materials supply cost increases without any similar increases in RE pricing on the revenue side. we are really in need of some hefty government intervention to get this ball rolling. the company needs to be really marketing the 'strategic' nature of the project to draw some attention away from how bad the financials are.

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the capex will increase further. the stock is way overbought now. project wont receive finance imo- circa 2bil capex, unless its an andrew forrest type guy on board, which there isnt

ASM Price at posting: $2.36 Sentiment: None Disclosure: Not Held
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Talk about anything, ASM or otherwise., page-334

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Talk about anything, ASM or otherwise., page-334

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