It is also pre Mt Carbine underground. The underground scoping study back in April 2022 used a resource of 2.36mt @1.05%. Mt Carbine open cut had a resource of 5.93mt@ .28%. 1.66m MTUs contained in the OC vs 2.48m MTUs in the UG. Given the plant already exists and one of the two declines is already there IRR and NPV figures for the underground should be attractive.
EQR Price at posting:
5.4¢ Sentiment: Buy Disclosure: Held
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