brazil’s vale seen posting best mining profit , page-14

Yes I re-visited the Feb 2010 Study a while ago and plugged in new copper prices and other updates and the indication was it was FAR more profitable than what they showed then, plus it could produce much sooner than indicated. It looked great! The cashflow was something like +$9m in one year as I recall. BUT the DSO was only one year digging, shown over two calender years at 10,000tpa, followed by the HGZ which needed concentration.

The plan might be to process this HG material eventually at AN as feedstock now.... so no need to take cash from DSO to fund skid-mounted concentrator.

THAT is why I am keen to see it fire up. I think Kalenn(?) also did the same exercise with similar results.