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Ann: Completion of Key Resettlement Work, page-89

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    lightbulb Created with Sketch. 2576
    Thanks for putting this together...

    .."Upgrade from 40,000tpa to 60,000tpa"..

    I am very happy they covered this in the report and confirms that our cash flow will improve dramatically once we ramp up production, when I was doing my calculations I added another $10mil for Capex and allowed additional 30% for Opex. I was working under the assumptions that a 50% increase in output can be achieved by having two shifts per day and still have two days for care and maintenance, machinery and infrastructure are already in place and paid for via initial Capex, but still allowed another $10mil for any upgrades that will be identified in the 60ktpa study, can't see it getting much higher than that.
 
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