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8,750 Posts.
1377
07/12/21
11:14
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Drilling out an IOCG deposit, completing DFS and BFS etc etc will costs over $100 mil
They will need to drill the guts out of it.
Realistically another $2 mil is nothing as even if TRN was contributing at that stage it would only account for a $600k saving of TRNs share.
My estimate is that TRN holding the extra 5% up to decision to mine would cost them $5-10mil potentially more.
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