SMM 20.0% 0.4¢ somerset minerals limited

when will the cash cost be competitive

  1. 145 Posts.
    TMR cash cost $2.39. (ABY is around this amount as well) These costs are way too high to get investors excited.

    CUO reported cash cost of $0.83 in the march quarter. OXR was under $1 etc.

    A google search of various Chilean producers shows that despite the problems experienced in Chile recently it remains a low cost producer. eg:

    Chilean producer Codelco had cash costs of 41 cents per pound. In that context for TMR to attribute its high cash cost to industry standard costs increases seems absurd. If TMR want to refer to industry standard they should compare their cash cost to industry standards. Yeah we know that power costs increase and if you have to run the generator then fuel costs will be high but FFS.

    Many other producers can achieve low costs.
 
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