Interesting quarterly, upbeat in tone.
The key assumptions behind the extended feasibility study included:
$AUD to $USD conversion rate = 0.70
Copper price per pound = $USD 3.00
Gold price per ounce = $USD 1250.00
The copper price and the gold price look fine at present, but the conversion ratio is 0.8 rather than 0.7, which puts a bit of a dampener on projected finance raising.
The quoted internal rate of return from the EFS was still only 14%, so it would seem to me that the project remains marginal, unless something else happens.
Interesting quarterly, upbeat in tone. The key assumptions...
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