So many unanswered question from this management..
Heres my take from a long termer..
Our poor grade 57 IO price needs to be a minimum of 135$/ton to be feasible to mine.
The handling costs are the killer and were grossly miscalculated in the feasibility study.
We still haven't had a costing from management after the wet plant operations...Hopeless..
The only way i see this operation getting going again is if IO prices hit the highs we saw in 2021 or we improve the quality of the product to 59..
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-118
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