RE: True or false1 Aug 2025 08:55
southern comfort behave.
they called out 260 mill investment spend for telfer in fy 26 plus give some of the info on why. read the report word for word and check.
i imagine someone was able to look at the plans where they are drilling and come up with an 800 mill cost assumption. for which 260 is covered in the next financial year as called out in the report. covered by revenue. then in 2027 looks to be slightly higher in this 800 mill number but again covered by revenue according to their updated forecast for 2027. then there are also some one off costs this year, replacing the fleet etc that shouldn't repeat in the next financial years.
did the market expect that there will be 0 cost for expanding the reserves? if anyone did that then they are ******ed
if they are spending that much per year do you think they are doing that for no reason? is this because they like spending money? are they just digging holes so they dont get bored? ffs
if they even increase the reserves in tefler by 500k oz then they will be very profitable, even with a 800 million spend. minus what they already budgeted against expected revenue.
i take it you dont have any type of job that involves revenue or cost clearly. invest to grow. its simple.