Candlecnd,
My numbers come out around the same. However with the high grade zone at Zeta being processed first, shouldnt we see a higher output than 24kt at the start. I get roughly 34,000tpa Cu using 2%. This will improve the initial payback.
Also this is only processing 2mtpa, and it may be 3Mtps yet.
The mine life is starting to improve as well.
I am not a geologist so my figures may be wrong, so would appreciate your feedback.
Fox Davies target of $1.96 is starting to sound too cheap.
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