correct it does, but further testwork required to verify. but also incurs a greater cost than traditional CIL by:
- it's not gold bars to the refinery, it's concentrate. Transportation to port, smelter, refinery - clipping the margin each way.
- WA royalties are 5% on concentrate compared to 2.5% on gold d'ore. Add in the additional prospector royalties which you have yet to demonstrate have not been extinguished.
- As penalty may not apply, but unlike Deflector there are no Cu credits, and Deflector is 5x the Au grade and in close proximity to Geraldton port.
All of these factors work against the project being economic. inconvenient facts?
correct it does, but further testwork required to verify. but...
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