I know it is over three-years old, but I thought that I would drag out the scoping study results to wet our appetites while we wait. Some obvious changes to the program, including a possible 50% share, but even that looks blimmin' amazing, especially given the project is now double the size and the prices of materials have increased substantially. Look below at the prices used for iron ore.
ASX/Media Release
5th July 2010
SCOPING STUDY CONFIRMS COMMERCIAL POTENTIAL OF MT GARNET TIN PROJECT
Highlights
•Project to deliver gross value of $500 million over initial 7.5yr mine life at A$18,000t tin price
•Strong surplus of $245 million over initial 7.5yr mine life at A$18,000t tin price
•Returns based on mine throughput of 700,000tpa of tin ore producing 22,868 tin metal in concentrate plus 1,774,500 magnetite concentrate grading >65% iron over initial 7.5yr mine life
Bring it on!
Source:
http://www.csdtin.com.au/downloads/ASX%20Announcements/2010/6%20July%202010%20-%20Scoping%20Study%20confirms%20Commercial%20Potential%20of%20Mt%20Garnet%20Tin%20Project.pdf
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