Yes - we don't know exactly the prices CCI are going to receive for the production. They no doubt have some idea and the pre-feasibility/feasibility studies will outline further information.
The good news is the likely open cut and 200,000t production. At the $US140 per tonne Intersuisse used in their March 2005 Research Note this should produce gross revenues pa of around $US28m. Regarding production costs - as per the CCI Ann 5th September -'Initial cost estimates show the potential for SIGNIFICANT cost saving useing the open cut mining method over the hand held underground mining'. SIGNIFICANT = ???. 50%??
Intersuisse were talking about perhaps $US80t treatment costs. They also stated that current spot prices were US$175t.
Things are starting to look very good for CCI.
CCI Price at posting:
0.0¢ Sentiment: None Disclosure: Held
