Yeah i doubt it , so do all those who have abandoned the area such as Aurora, BHP, Meteoric, Ashburton and Toro due to poor results and logistics.
This TUR potential deposit is located some 700+ km west of Alice Springs . The logistics and cost of getting any ore to market would be uneconomical in comparison with other major deposits worldwide. Just to build a 700KM rail road to Alice at $4m per KM would be $2.8B , Add in no power or fresh water and its a another $1-2B . For that infrastructure expense you would need to spend several hundred million drilling out a deposit before you know if you have a viable project. In the mean time other projects without such expense are getting built with lower operating expenses making this TUR project even more unviable.
And to top it off CZN shareholders have to fund all this drilling expense whilst the CEO keeps his 25% free carried until mining.
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Price($) | Vol. | No. |
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