~100 USD per ton open pit: that's quite feasible today. Cobalt upside will increase margins a lot. There's 67Mt in OP category now which could support a medium sized stage 1 operation. Kansanshi in Zambia is much bigger but has an OP C1 cash cost of $1.05 per lb Cu and an AISC of $1.55, including 0.1g/t gold credits.
Ann: Celsius doubles resource at Opuwo cobalt-copper project, page-5
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