A good announcement and it clearly shows why the Chinese are involved (and Brian). They can see just from the numbers that PGI will be debt free in 2 years plus have another 2 years to produce without any further concentrate.
Patience is required. Would be nice to know what further improvements they are going to make to the plant. Every 1% increase in production is really a material improvement in the economics of the project.
At as all in cost of US $800, PGI will be making US $12-15 million a year even at the hedged price.
Arg. So frustrated. But I guess a 8 years in PGI is not long enough, better to up it to 10 at least.
Ann: Las Lagunas Production continues to improve, page-2
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