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While the Tungsten price obviously has an impact on revenues, what needs to be factored in, that most people seem to fail to take into account is fuel costs. Energy is normally the largest cost element of any mining operation, especially Open Pit operations where the fleet consume a huge amount of Diesel, since the DFS was published in 2011 (Red Diesel was costing 83p/litre then), the cost of red diesel has reduced massively (Currently 52p/litre) and looks set to fall lower. That could result in a 20% reduction in Operationl Expenditure!
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