I think a 0.1% cut-off is probably OK at the current copper price. That's equivalent to 1kg of copper per tonne. At $10 per kg, that's $10 per tonne. I'll be interested to see what processing costs per tonne are factored into the PFS, but as long as the marginal cost of production is less than $10 per tonne, CVV will be in front. CVV seems to be very conscious of the need for a business model that delivers low production costs.
Ann: Major Mineral Resource Upgrade - Caravel Copper Project, page-13
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