RE: WPX / KRN Opex comparison Lies, damned lies and statistics.
It is shocking how little people know about the company they invest in.
the OPEC for Wpx is 108.76 not 62.28. They just fudged the numbers a bit and called 40% of it "sustaining capex" .
krn has no "sustaining capex " just opex amd when you allow for the magnesium product line IMHO it will drop Krn's opex well under $100 per ton
OPEX3 $62.28 CAD/t at full production capacity
Sustaining CAPEX Wellfield =$28.49 CAD/t,
Plant & Site =$17.99 CAD/t at full production capacity
I have never heard of 'sustaining capex' = this is called Operating Expense (Opex)
62.28
28.49
17.99
$108.76 / tonnes - no room to move down, only up