Early days the SS, looks about what I expected. The final capex, opex etc may change between now and DFS, then again in ramp-up when processing this kind of deposit in tanks and tailings instead of insitu is done for the first time really... would be good to see results from Sera Verde ICD already well under development in Brazil, will be a good sighter for MEi as to the issues and costs to piggy bank off.
That 70% MREC looks fair, and kind of puts the sword to LINs mid-60% payability for a mon-con... ARU is so large, complex and expensive in the middle of Oz, it could blow out in capex and opex to anything! Interesting to see all the different deposits and styles around the globe being worked up competing for funding and a place at the table, MEI is surely one of the winners no matter how you cut it imo.
GLTAH
MEI Scoping Study Discussion, page-21
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