I understand what you’re getting at, however if we assume they will crack the sulphide heap leaching in 5 years or less and as you say the cash is rolling in then the cost of preventive maintenance along the way as an insurance policy would be pretty minimal. I think the outlay on maintenance and then a potential refurb if required down the line would be a lot less than a new concentrator in 5 years. After all it’s not just the mechanical assets it’s all the civics, electrical, control systems and integration with the exisiting plant.
If they suss the HL of sulphides after a few years and have more certainty then flog the concentrator even if we have had to spend a few hundred K in PMs along the way.
CYM Price at posting:
20.5¢ Sentiment: Hold Disclosure: Held
