Dear me.
All these ex SGI owners who know exactly how to run a gold mine at a profit. Such a pity that they felt forced to sell to CYL as the best way out of a loss making situation. Too bad that CYL engaged Australian consultants to advise on Trident instead of these knowledgeable and clever people. Everyone knows that Australians are useless at mining and processing gold, and that it is blind luck that they are the world's second largest producer after China.
Petersburggray has a big concern over electricity for Trident and other infrastructure. To quote from p36 of the Trident Scoping Study announcement:
The scoping study indicates Trident has the potential, given its high-grade resource, to generate strong cashflows over the life of mine. The pre-production capital investment of $36m includes mine infrastructure and development with the project benefitting from the
existing processing and site support infrastructure located at Plutonic.Somehow, I think power requirements would have been included, but if you question that, then best you send a message to the CEO to clarify.Even the tailings issue raised beforehand was addressed by the independent consultants. Also from p36 of the Trident Scoping Study announcement:
It is assumed that existing infrastructure at Plutonic including camp facilities, airstrip and tailings facility will support the Trident development. In addition existing access roads between Trident and Plutonic are considered suitable for the proposed haulage route.
I hope you and your friends get access to your CYL shares soon, so that you can all sell and drive the price down further. I can afford to buy and hold some more.
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