The costs as stated in the restart study are in US dollars and we have had an Aussie dollar devaluation of 5-10% since then so costs that are in Aussie dollars such as gas as well as labour will be cheaper in US dollars. So if labour costs are up 10% and the Aussie dollar devalues by 10% then the costs are roughly unchanged in US dollar terms and if gas mostly unchanged in Aussie dollar terms then that would result in a reduction in costs as measured in USD. In addition with the softening in the gold market wage pressures are coming off. So all in all my understanding is management happy no cost blow out. Obviously this remains to be seen.
The costs as stated in the restart study are in US dollars and...
Add CYM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
3.9¢ |
Change
-0.002(4.88%) |
Mkt cap ! $60.98M | |||
| Open | High | Low | Value | Volume |
| 4.1¢ | 4.1¢ | 3.5¢ | $260.7K | 6.955M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 220000 | 3.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.0¢ | 114403 | 2 |
View Market Depth
| Last trade - 13.05pm 03/05/2024 (20 minute delay) ? |
|
|||||
|
Last
3.9¢ |
Change
-0.002 ( 4.88 %) |
||||
| Open | High | Low | Volume | ||
| 4.0¢ | 4.0¢ | 3.5¢ | 4907400 | ||
| Last updated 13.33pm 03/05/2024 ? | |||||
| CYM (ASX) Chart |