@tinhat
Don't think you're getting the whole picture.
The 'prestrip' that MEC talks about is what they term 'mineralised waste.'
This is NOT ordinary waste - it comprises the oxide overburden which is at least 0.5% copper. They do this because they want to put this waste in a separate stockpile for the SX feed.
If you look at the "Nifty Restart" page here, you will see that the SX plant will contribute something like $30m EBITA per annum ONE YEAR BEFORE the concentrator even starts its work. The MEC does NOT take this into account as they say.
So you ask how debt will be financed. This is how.
PRETTY SMART by these guys.
Chers
@tinhatDon't think you're getting the whole picture.The...
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