AISC a bit higher than I thought mostly due to lower Cu recoveries and a bit lower overall feed grade. $1577 not bad though. Have to remember in current environment that's basically $1k USD AISC and still trading near 50% margins.
Using NPV7 while still low is better than gold industry standard of NPV5 and base case pricing is now a few hundred dollars below spot.
All in all for trading 6% of NAV it looks like a decent PFS.
500koz of ore that hasn't made it into this mine plan as needs more drilling etc so room for improvements also.
MM8 Price at posting:
7.0¢ Sentiment: Buy Disclosure: Held
