Restart study cost difference
Cu price $1000 higher
Cost of petrol 207cpl, now 188cpl
shipping per container USD $9700 down to $1600
Work on Nifty 20+ super pit
-Heap leach as planned for oxides
-Using the concentrator for sulphides which currently can produce 28,000tpa and looking to upgrade to 40,000tpa
concentrator looking to fire up 3 years before the HP leach finishes.
potential of producing over 50,000tpa of copper concentrate / copper cathode during the overlap.
Look forward to this if they can stretch that far.
If it comes out good the long LOM will certainly help towards getting finance, however still several months away.
A very humbling experience for CYM and shows you can't take shortcuts in this industry, especially in the current economic climate.
Ann: Quarterly Activities Report, page-3
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