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clock Created with Sketch. 19/10/22
07:42
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Originally posted by *:
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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: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..."
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I think Management need to address shareholders very soon with a clear path going forward. 5-10mt railed to Port would be the best outcome here, get some off takes happinging. After all there was a Congo line of buyers wernt there?
