RHK 4.41% 71.0¢ red hawk mining limited

FMS C1 Costs

  1. PS
    2,867 Posts.
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    I wonder what are the latest figures on potential C1 cost are for PIOP? I have just read FMG's Dec 15 Qly Production Report which shows their C1 cost of $15.80 for the last quarter. They seem to have made much progress in their cost reduction initiatives. I would think that economies of scale would be an important factor but the report is well worth a read for FMS followers. Also of interest is their FY16 capital expenditure estimated to be US$200m. Some for an FMS PIOP initiative maybe? FMG's exploration activity last half year was US$14m with total expenditure expected to be US$36m in FY16. PIOP is already explored and not far from FMG rail. Could be an opportunity to acquire an asset and save on exploration costs?

    I wonder if FMS and/or FMG have done the sums on either road, conveyor or rail extension from FMG existing rail to FMS PIOP? It would be interesting to know at what IO price it could all work and FMS get some long awaited increase in SH value.
 
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