The 2022 Caravel PFS update proposes a 27 Mtpa plant !! and in their 2022 PFS they used a 0.1% cut off grade !! They require 1.7b of capex to get going LOL
HGO is a way safer investment proposal and will be cash flow positive in 7 months time and we have the money in the bank to increase our resource which will potentially fill the 3.6 Mtpa plant and extend mine life.
@jbone11 I wonder what the HGO SP will be in 36 months time when they are processing 3.6 Mtpa and earning 10 cps with 6 years of resource? Caravel will be diluting, diluting, diluting every year for the next three years while they ????
Kanmantoo Copper mine ready to go ? For real ?, page-23
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