Totally agree B1.Apart from your points above, the stand out...

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bigjig

925 Posts.

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07/10/19

13:11

Post #: 40756117
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Originally posted by boy1: ↑

so much to like about this announcement.

- Water is an absolutely non issue now. Lack of water and water quality can kill a mine... huge de risk...
- We have humanitarian benefits with water access from the dam, that's fantastic for the locals.
- Power options are abundant
- Transport options look like they could come in at sub $100 per tonne if we can back fill.

we are looking at about $250 USD cash cost....

and with the recoveries, we are looking at 400,000t now, instead of 360,000...

So basically an increase of over 10% of throughput, coupled with a decrease of 10% of cost....

very very nice.....

will be interesting to see the capex result, but personally expecting a slight increase even though we are BOO the power...

we are going to be a very low cost producer...

current sales prices are about $575USD … our high quality product will cost $250 cash....

go figure...

now is the time to buy this company...

great result and chuffed at this....

and well worded for once

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Totally agree B1.

Apart from your points above, the stand out prospective detail for me is the introduction of a LNG supply chain. Makes the likelihood of some form of onsite, downstream processing far more of a probability with LNG likely being the optimal energy supply for a calcination process.

Also another big reduction in transport costs if we can make that process a reality in a couple of years.

Half the country on holiday today as well.....

MLL Price at posting: 8.0¢ Sentiment: Buy Disclosure: Held
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