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clock Created with Sketch. 19/10/22
10:48
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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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Very valid post . Not to mention they puffed up $10 million bucks to buy out starlights holdings , and now they’re scratching for money to stay afloat . No common sense at all but hardly surprising tbh
