GCY built a mill few years ago for under $100m. Same mill would be almost double in cost right now. HRZ will probably need a smaller size mill but we are still talking about substantial amount of money north of the current MC. Just for comparison, Lakewood Mill was purchased for $5.5m in 2014. I believe it has half the capacity than Dalgaranga mill.
Ann: Bell Potter Unearthed Conference Presentation February 2022, page-8
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