what was wrong with the crusher?, page-51

LOL zzedzz you must be getting confused with all your posts enthusing everyone to sell.

The company is well aware of the approval process to step up from 3MT to 5MT PA, as mentioned in the ann.

The fact they have several options which will ultimately benefit shareholders seems to further worry you!


"The current strategy, based on the increased mining rate, is to mine the first 30mt of ore in just 6 years instead of 10 years. After high-grading the ore-feed to the mill, remaining ore will be stockpiled, resulting in 12mt tonnes of ore on the stockpiles at the end of year 6.
At this point we have several options;
? Decommission the mining fleet, retaining only required plant to shift the remaining “free ore” from the stockpiles to the ROM pad, resulting in significant cost reductions.
? Keep mining past year 6 and continue to high-grade the mill feed as per the first 6 years - requires amendment to the EA.
? Increase the process plant capacity to 5 million tonnes per annum or more and subsequently extend mining beyond 10 years based on our measured and indicated resource of 97.9 million tonnes @ 0.96% CuEq (0.4% CuCoAu cut-off - see notes to the resource statement from page 6) - requires amendment to the EA."