Nonsense the PFS was done when IO prices were $63/tn and the project was viable at those levels to the tune of $400M in profit per annum. At current levels the profit is $870M per year with a mine life of at least 50 years. Even the guy interviewing Byran understood this, and got Bryan to admit it if you listen carefully to the interview:
Question: "What about lower CAPEX and OPEX alternative and lower production targets"?
Answer: "Yes, that's exactly what will be doing now...it might be sensible to do a 5 million tonne or a 10 million tonne GO BACK TO EXISTING INFRASTRUCTURE, SO THAT YOU DON'T HAVE THAT HUGE CAPITAL IMPOST..."
No Bryan this was always sensible and outlined for you in the PFS...!!!
CAP managing Director Quinton Hill emphasized this point in investor briefings as far back as 1 August 2019
"IT IS KEY FOR 2 REASONS: IT KEEP THE CAPITAL COSTS LOW HAVING THE EXISTING PORT AND RAIL INFRASTRUCTURE THERE AND POWER FOR THAT MATTER AND IT ALSO REDUCES THE RISK OF DELAYS BECAUSE WE DON'T HAVE TO BUILD A RAIL LINE OR A PORTS, RIGHT AND THEY ARE KEY SORTS OF STEPS IN KEEPING PROJECT METRICS ON TRACK..."
The only reason why they are making a big song and dance about the "world economic conditions" is to distract shareholders from their own incompetence.
The inherited a viable bankable project and turned it into an unviable project themselves...
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Nonsense the PFS was done when IO prices were $63/tn and the...
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