That does make sense. From speaking with a mining engineer, they wont "upgrade" the pilot plant as such, because a crusher for 10,000 can't be modified to 60,000. They will just build the larger plant alongside the CPP, I am sure there must be savings, mining costs for one.
On a 10,000 plant, the profit per tonne would be around $710 ($1435 - say operating costs $725) so $7.1m less royalties of 3% = $6.9m. I suppose Mozambique admin costs would be $1m a year = $5.9m then tax in Africa of 30% = $4.1m coming back to Australia. I suppose they would spend $2m on salaries and admin costs and interest leaving maybe $2m a year to help pay for the larger plant.
At least the company survives, thats all that matters
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- Ann: Compelling Desktop Study Results on Proposed Ancuabe CPP
Ann: Compelling Desktop Study Results on Proposed Ancuabe CPP, page-36
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