what’s important right now for aw1 is how big cyclone and chinook will be, others are pretty much irrelevant imo. If they successfully hit 250kt+ with cyclone and chinook I’d feel easier even with this management full of ducks. 250kt*$9000= 2.25b+ cute silver credit. chinook starts from surface, will be fairly cheap to mine and quick to make money. Great strip ratio and better grade. I’m expecting good numbers on feasibility study for chinook. cyclone seems to be bigger but needs quite a bit of stripping but still not concerning based on benchmarks of stripping cost - $1-2 max? once the overburdened is removed they can have fun… then you deduct all the cost related - processing, operating cost etc etc… I expect the operation cost to be higher considering there’s no power, all power will have to be diesel generated… and TC/RC and all associated cost based on supplying contracts. and Taurus GOR 1.85% kicks in… and short timeframe to mine if they have to avoid winter. $5.4b means nothing here…
AW1 Price at posting:
8.2¢ Sentiment: None Disclosure: Held
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