Charliefoxtrot.. you make a fair point but FND do outline their assumptions. Be a pessimist, take a lower copper price, lower recovery and increased operating cost... this is still a very material and profitable addition to reserves.
Test results show increased recovery, the copper price is what it is (and i think more likely to improve from current prices). The operating costs will involve haulage of the ore but not a material cost IMO. Also (you missed this one), from memory the strip ratio is marginally lower at Kali Kuning so Opex may be slightly higher at Lerokis due to the higher strip ratio (0.7:1 vs 0.8:1).
Anyway you look at it, this adds a year to mine life (a very profitable mine life at that).
FND Price at posting:
23.8¢ Sentiment: Hold Disclosure: Held
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