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Our costs are only $4.5k per ton now LUFC and we are producing less than 300 tons a month according to the first 6 months financial statement.
I should have added LUFC everyone is wondering where the less than $6K is coming from on roast when it is only $4.5k now.
Gray
Why do you not read my post to frog
I did Dorfan but it is only a presumption and it maybe be right. I don't see anywhere where JLP have confirmed it.
Thanks Jack, that is probably the answer
Regards
Frog
Someone would have to look back through the RNS's to see what has been officially stated to the market, and to be honest I can't be bothered to do that! The website quotes a figure of US$5,281 from last years financial results (nice to see they have given the website a refresh by the way).
I'm sure in interviews etc, he has quoted a number nearer to US$4,000 / tonne.
It probably is Frogkid but as usual we are left to guess when JLP could have communicated that their would be some payment to the miners thereby increasing costs. Not hard to do they don't have to say how much they are paying them.
How many on here have complained of vague or incomplete communications? Is this just another example? That is what I meant by smoke and mirrors. I wasn't disputing that their could be extra payments due to the miners Dorfan.
$3800 Seisnav was the lowest they quoted with economies of scale.
$3800 for our copper operational profit?
'all in' costs i've always thought includes the share of overheads for the company and surely must include payments to the owners of the copper run of mine? all in costs should include everything. so profit to the bottom line of the spreadsheet currently at about $3800 minimum for non a grade copper - my take for what it's worth. about 95 million dollars per annum at 25,000 tonnes. simplistic back of *** packet but it might be ballpark in the medium term, plus chrome, getting close to the market cap per year in profits.
accept i may be talking utter b.....s there, would welcome someone who knows better ripping my post to shreds.
Hello Kalan,
Not sure but I've heard of AISC from a gold miners perspective. Found this which might help, or maybe not?
https://www.gold.org/about-gold/gold-supply/responsible-gold/all-in-costs
I assume AIC is sustainable and non-sustainable costs.
ATB.
Cheers coldfeet. A bit more enlightened. Will attempt cutting and pasting from my laptop when I get home. Still looking after grandkids.
Yep, would agree Kalan. We dont know what they’ve been processing to date. There was a load of tails that came with Sable. They have been testing a lot of samples i guess. So the cost of producing these would be completely different to a long term commercial agreement. The small scale miners are going to want their cut. But what a clever play, to set up a partnership, where we probably pay a fixed amount per ton. With an option to take control. Leon was talking about developing the mines. Extending the mines etc. I believe they are going to seriously change the scale and size of M. These arrangements allow time to decide if its worth taking control, or just keep the partnership going. They have identified 50 and you can bet, they are the ones full of further potential. I believe this is such a clever play, its going to transform mining and seriously assist the smaller miners. The modular approach was made for this. Pure genius from Leon &co.
Kalan
All in costs only gives you gross margin then you have to deduct interest, tax, depreciation and amortization then you arrive at nett profit if that is what you mean.
Meant to ask how is your wife? Hope she is feeling much better today.
She's doing great thanks Gray1. Surgeon said it all went to plan. No pain. Just got to wait 4 weeks for further prognosis. Fingers crossed it hasn't spread. Apreciate you asking.
Hi Kalan,
Wishing you and your wife all the best at this difficult and stressful time.
My thoughts and prayers are with you both.
Best wishes,
Prof