The Mt Isa facility is an asset of the company and a very good acquisition IMO. It has scope to be used for many years to come. The transport of the cores from site to Mt Isa was done in a very cost effective manner with logistics provided by the Landowner. I expect for the return trip from Mt Isa that the Landowner would be bringing in supplies for their needs.
Paying a third party to dead head a truck empty from Mt Isa to pick up cores would be adding to costs, same as paying a third party to process the cores. Yes it would have sped up the process, but at what cost? The prospective targets have been there for a while and are not going anywhere.
ICG Price at posting:
2.2¢ Sentiment: None Disclosure: Held
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