About time
Only taken 10 years to get this plan underway
I have been banging on about the low milling capacity so now they are responding
The capex will be large yet cash at bank is large.
This will take them to only 33% of POS milling capacity and 70% of PAN & IGO/Nova milling capacity yet still way better than MCR which has 0 milling capacity totally reliant on BHP for is tolling of ore.
Expect Cosmos to go to BHP Mt Keith offtake but its low grade only.
ODS offtake will likely be BHP as usual.
Where is all that ore feed going to come from to feed this mill with reducing ore grades and volume?
Flying fox is getting old and barer by the year.
No word on the IGO bid and data room result. IGO is going very slowly & NP is going higher..
If SP drops under 2.60 we will know market thinks IGO is backing out.
If SP goes to 3.10 again its ON again.
With NP im predicting is headed to 10.00 -13.00 by May to July, WSA & IGOs timing are perfect.
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