They had $36m rehab booked for Nifty at 30 June 2018. This is the present value of rehab works which they are probably discounting back from the end of LOM which could be late 2020’s... so likely the undiscounted cost of rehabbing the site is over $50m. Surely they can just throw it on care and maintenance and wait for the copper price to tick up without having to rehab the land yet, not a bad optionality play if they can’t get it to work in current price environment.
Ann: Quarterly Activities Report, page-30
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