Optimality has been mentioned for atleast 12months.
It could also and probably alludes to the following
LOM 10 20 or 30 years
Throughput per annum
Size of plant
Grinding size of material to be processed which affect power requirements
Smelting now that groupn likely to reopen
Leaching process glycine or traditional
Truck and process as opposed to plant set up.
Sanorran copper up the road released in February Aisc of $2.31 all be it bigger reserves and bigger mine size.
So many variables and I'd say the NPV and IRR would not be finalised and some weeks away from being determined.
Even using a AISC basis of $2.50 and copper trading at $4.00 the chances of mining is higher than not mining.
Cheers
EM2 Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held
