re: the australian Good Question, I'm sure it will be in one of BLR's presentations though.
Not sure what method of mining they are planning to use, but I'm pretty sure they don't have ISR mining methods available to them, so they are going to be needing a lot more money to get a mine up and running. Hence possibly why they need a large Jorc to make it viable.
As we all know, conventional mine can exhaust Hundreds of millions of dollars just to get them operating. Compare that with a mere 40 million!
Imo I have no doubt that Pen can probably bring a smaller then 15 million lb Jorc to the table earlier than November, But as Gus once said to me, they wanted to make an impact and hit the market with a very sizable ISR resource. Makes sense to me!
Cheers NK
re: the australian, page-32
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