You used the words ‘greatly improved’ - Hate to educate you again but an average unit AIC cost of about AU$13.00/lb for FY24 that already assumes nameplate production and way higher by-credits should not be defined as ‘greatly improved’ in my opinion.
Better choice of word is improvement
I didn’t infer such a thing (you did), I only made note to FY24 in my above post but since you speak of the ‘LOM’ unit cost, let me also address this point for you
Did you know that the LOM unit cost of AU$8.57/lb assumes the below by-credits (Table 2) and production profile (Figure 2)?
1. What happens if the by-credits stay below the companies updated assumptions?
2. What happens if the companies updated assumed production profile are not met? I.e bad weather event, Covid round 2, black swan event, labour shortage, inflation, etc (Some of the reasons you should already be familiar with).
Then in my opinion, you can kiss your LOM unit cost of AU$8.57/lb goodbye.
Also, was this unit cost not in the low $6’s only about 12 months ago? What would it like like in 12 months from now… $10.57?
Be humble and grateful that I am having to educate you about opposing views. It’s hard being objective when you have personal interests in a company. Much like your MCR…. You went from holding pom-poms to poo from one huge announcement
PAN Price at posting:
9.7¢ Sentiment: Sell Disclosure: Not Held
(20min delay)