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Indee is on a granted Mining Lease, with relevant environmental approvals, and as it has been an operating mine, has significant infrastructure in place.
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Beer & Co has estimated a capital cost of $84m for a 2.0Mt/yr operation, including EPCM, owner’s costs, commissioning and working capital.
Beer and co estimates it will cost 84mil to process 2.0mt of resource per year... no mention of upgrade to plant... however I beleive there has been mention of a cil plant in announcements somewhere as apposed to the current heaped leach set up. (Lots of details will be filled as the fesiability study moves fwd, until then it speculation)
IMO Obviously we don't need to come up with 84mil before we start... revenue and profits will flow in pretty quickly... to contribute to that figure, (we will need a loan once the feasibility study is finalised) or a large CR, maybe 15mil?
Right now....
10mil MC is extremely cheap for this company.
Ann: Response to ASX Price and Volume Query, page-48
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