Capital cost of year 0 for Stage 1 only increasing from 31.8 (2018) to 33.1 (now) is frankly amazing considering the immense inflation of costs since then. If Volt gets significant funding then this company has a very bright future.
And yes, for Bunyu to reach it's true potential (imo the potential to make Volt a multi-billion dollar company) it may take many years, but Stage 1 after funding is secured will only take 12-13 months before the production of the first ore and from there it should only snowball progress.
If all goes well in late 2024/early 2025 we could have a working mine (albeit a small one).
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- Ann: Feasibility Study Update for Bunyu Graphite Project Stage 1
Ann: Feasibility Study Update for Bunyu Graphite Project Stage 1, page-38
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