I had a NPV range,as well as opex figure range that I was hoping to see based on forward pricing,that would provide a solid base from which to add refining/recycling. This missed both my preferred ranges by a decent margin.On that basis,I'm out for now.There is a decent chance I'll re-enter as further de-risking occurs but that will take some time.For me,the risk/reward at the current market cap,isn't skewed far enough in my favour. Others will likely feel differently.
Ann: Makuutu Definitive Feasibility Study, page-52
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