I might have to rethink what is an economic ore body. (And rethink Cosmo)... Caravel are talking about mining in the wheat belt with a pre feasability study that shows....
583.4Mt @ 0.24% Cu with a cut off grade of 0.1% for 1.42Mt of contained Cu.
Net cash flow over 28 year mine life is $4.622 Billion
With a cut off grade of 0.1% that represents a return of $11.50 per tonne at todays price (A$11,500t). Just to be clear...they say they are going to mine and treat at 0.1% and make profit?
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