1. 0.16% Sn is really too low
2. 36,000 tons compare to KAS 127,000 tons
3. KAS project is ready with all permits
4. Of course KAS has contingency in DFS
5. KAS will be in production in 2020 or I eat my shoes
Table 1-9 Project capital costs
2018 DFS Project Capital Costs US$M
Mining development 12.1
TMF, Water Storage Dam (WSD), ROM pad 3.5
Process plant 44.5
Infrastructure 12.0
Engineering, Procurement and Construction (EPC) 7.2
Construction indirect costs 5.4
Sub-total Project Construction Capital 84.7
First fill & spares 1.2 Contingency 10.5 Total Project Capital Costs 96.4
KAS Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held