Its too small for Teck, perfect size for CSE...and now they get full profit from it instead of 49%.
I would rather get $10 million from a project for $5 million expenditure than $5 million from $2.5 million.
Anyway that's not where the excitement is...take a look at Chloe (or get a 'in the know' person to look at it to read between the lines). For 'general knowledge' (Melbournites will understand) Chloe was actually named after the painting hanging in the upstairs bar of Young and Jacksons (but that means nothing...there are no hidden clues in the painting so don't bother lol). The pub at Einsleigh actually has a replica of that painting (but that has no clues in the painting either!).
What that 'in the know person' should tell you is something along the lines of they'd be surprised if further drilling didnt have some more mineralised hits.
Note, and plant would be able to process in some form both Einsleigh and Chloe (if a zinc resource was found) hence minimising CAPEX.
But like I said, go find someone that knows more than me and tell him/her to tell you the same thing LOL
Cdchi1
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