Fair enough, lectro. However, there is a lot to like about the revised program. In this inflationary environment they have done well given the additional 13,000 tonne output expansion until such time as fresh ore is mined and processed. The savings made in OPEX due to much reduced reagent (a major operating cost in graphite processing) and deferring the need for a floatation sulphide circuit for years is excellent. What is also a good point is that it looks as though the ramp up to 73tpa is going to be done in stages with the first being at 30ktpa. That will reduce the initial CAPEX requirement for funding to being less.
EGR Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held
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