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04:44
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Originally posted by miningnut:
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They are expanding their throughput from 8mtpa earlier this quarter to 12mtpa by the end of March next year and will be profitable and cash flow positive at that level. Their C1 costs for the Jun20 quarter will be 77c/lb and AIC will be 86c/lb so they'll be cashflow positive above that level. I expect them to declare Commercial Production as from 1Apr20 if not earlier.
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I understand your point of view, but just remember that excessive delays do happen frequently with mining projects (actually excessive delays are the norm in mining). It is extremely rare to find a mining project (expansion of production, improvement of recovery rates...etc) being executed on time and on budget. Time will tell.
