Lower opex in the initial stages before ramp up. Fewer reagents needed to retreat the existing heap leached material.
You are right - they won't need to relocate the heap leach pads - as they aren't going to expand the open pit at the start.
I thought recoveries of the existing material were slated at 85% (from memory), but would need to revisit the old restart study to be sure.
I think BH has answered your question. Lower capital intensity at the start, generate early cash flows and then ramp up to nameplate.
Flogging off the turbines to pay down debt (potentially including those MLX con notes) seems to be a prudent move to me and will unlock value for SHs - while also removing that debt ball and chain around us.
On a slightly different note, I am glad that your bearish copper price predictions never eventuated.
CYM Price at posting:
4.1¢ Sentiment: Buy Disclosure: Held
(20min delay)