i'm starting to understand why they ran with USD 1550.
In the 2nd scenario, with the conc. regrind and CIL, and higher capex and opex, if you run an NPV at say 8% and 1300 gold, it's not that great. Add 250 an oz to revenue, well it stacks up very nicely....surprise, surprise!
But are they now saying, the 2nd grind requires capex or had Hartleys already factored that in?
Ann: Cardinal Investor Update, page-77
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