9.5 - This scoping study handled this well. It would not be appropriate to consider the merits or costs of the mineralized ore. It needs to be dealt with via another study. This is coming. I was hoping that it would be first.
The PFS will not be able to make this statement and if it was included in a PFS I would be very concerned. If MEC are doing the PFS they'll be able to put together the full picture as this oxide scoping study is due soon.
Long story short, don't expect feasibility conclusions from a scoping study. Scoping studies are done to determine if it makes sense to do a feasibility study. Each level of study - SS / PFS / DFS comes with more costs and more detail.
Trust the process : SS - PFS - DFS - Sale of CYM. You decide what you think the share price will be at each gate.
AGM next week. Holders can ask questions.
Ann: Nifty Surface Mine Scoping Study, page-69
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