I think the market reaction would be generally positive to Wodgina going under C&M. Takes 220kt/year of SC5.5 out of the market. I don’t have the exact figures but you’d think that this qtr even with mining services revenue they are loss making. Obviously you lose skilled workers but something has to give and it is one of the higher cost mines in WA.
At this point it kind of feels like we are artificially boosting mining services revenue by running loss making mines.
MIN Price at posting:
$21.06 Sentiment: Hold Disclosure: Held
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