Nkwe is moving to complete the formal exercise of the development option by Xstrata". So what does that really mean?
I read this as;
1. Xstrata are interested
2. Xstrata would like that in the final BFS a significant capital cost reduction is achieved and time line to first production shortened. This will maximise the Xstrata returns.
US$ 10 million new capital no doubt is to be partly used for this project planning optimisation work.
BR
Max
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