proofreader 'Forgot to add, found this disturbing also:
"Costs: ~US$2.39/lb and set to reduce over 2009 with volume & grade"'
Yeah that was what jumped out at me. I am hoping it is a typo. My skepticism has been due to what I have perceived as the goalposts shifting. I invite anyone reading this to eg. have a listen to boardroom radio interviews from earlier this year. The absence of cost reduction in 2008 would represent a significant change from what was touted only a couple of months ago.
@chewy that is revenue. costs @ $2.39 per pound have to come off that to get the earnings.
On a side issue are there any mining production engineers in the TMR thread? Presumably the increased grinding to a smaller size (to 8mm I think they said) would require more energy consumed?? Would this be a significant cost. I'm assuming it wouldn't be given they are doing it but would be interested in an expert 2 cents worth.
TMR Price at posting:
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