We seem to be forgetting that the concentrator at Nifty will not...

We seem to be forgetting that the concentrator at Nifty will not be needed for a long time yet.

In the heap leach pads above ground currently there are 91,000 tonnes of copper. That's AUD $1.4 Billion worth. Sitting there above ground ready for us.

Matt has said that he wants to start the SX-EW @ 5-6,000 tonnes pa building and increasing from there. This low complexity plan is designed to maximize speed to market and minimize capital requirements.

So we are talking a good 5 years + of processing what copper is already sitting there on the ground. After that there are a further 162,000 tonnes of oxides to produce before we touch the 876,000 tonnes of sulphides, which is where we need the concentrator.

What's the bet that in 5 years we will be long taken over.



So 5-6,000 tonnes production to start with.

Just the minimum 5k tonne pa gives us $77m AUD of revenue (we don't know AISC yet). we can build up to 20k tonne pa from the SX-EW, there's over $300m AUD revenue per year. We haven't gone back into the mine yet.

Previous management planned to do 25k tonne pa @ 12,000 AUD (restart study figures). That's 70 tonnes per day production. Today the copper price is sitting @ $15,500 AUD. So @ 70 tonnes per day that's an extra $250,000 AUD per day in revenue, based on the copper price alone, from 2022 to now.

Whichever way you slice it the figures look good, we just need to be patient while Matt does what is necessary to release the concept plan, then finance / FID.

To quote a famous bloke from Omahe, "The sharemarket is just a vehicle that transfers money from the impatient to the patient"