I asked a question and had the below reply I understand they may look at a 50% split
By the end of next year is a broad timeframe that can include earlier time frames. While we have the granted mining lease, we still need to deliver the resource, study and mine proposal for approval. The second half of next year is our target to get everything delivered and approved.
To build a mill on site would cost more than we would likely make from a small open cut and take a lot longer to get approvals for. Trucking is only ~$0.10/t/km which has little impact if we are sending high grade ore as the trucking would only cost the equivalent of ~0.3g/t.
Should we have exploration success and prove up more resources through discovery, then we would certainly look at building a mill on site then!
DRE Price at posting:
1.6¢ Sentiment: Hold Disclosure: Held
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