Chalice missed a trick with the scoping study. What scared investors is not what’s in the ground, but the elaborate (and totally underestimated) cost of the processing facilities.
Blind Freddy could tell you that the capital could easily double, if not more.
Chalice should have based the scoping study on either an ore sale, or at least a first cut milling/floatation circuit, selling concentrate.
Nobody in their right mind would consider what they were considering in a high cost environment such as Australia.
BHP Rumour a couple of months back., page-23
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