CZI 0.00% 22.0¢ cassini resources limited

BHP is chasing near-mine targets around their Mt Keith and...

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    BHP is chasing near-mine targets around their Mt Keith and Leinster hubs. Not sure they'd be interested in buying back WMP.

    The economics would need to be substantially improved before this will go ahead. And the only way to do this is through further exploration results - with a caveat. Adding to the resource, growing mine life beyond 26 years will do nothing more for the economics. (Discounted cashflow modelling, or NPV, basically attributes very little value to anything 10+ years out). Cassini needs to find higher grades to be mined early in the lifecycle (current grades are really low).

    Unless they find a higher grade zone to mine first, this may stay on the shelf for a long time.
    Last edited by Born2run: 18/02/20
 
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