GREY:ADEXF - Post by User
Comment by
HVAN1on Aug 30, 2012 1:17pm
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Post# 20280280
RE: RE: Analyst Opinion on AXI
RE: RE: Analyst Opinion on AXI AXI's opex of $49.13 per tonne is misleading because it doesn't include the massive 6% royalty on concentrate production that Roche Bay plc owns. Add that $6 to $7 per tonne in royalty payments and you have a realistic picture of cash costs.
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If you assume a buyout of the 6% royalty to a 3% royalty, then add $35 million to capex.