Processing previously extracted waste to extract the Sn left behind 0.4% Sn when the technologies didnt exist then.
No development cost,no mining cost ,no exploration cost, no haulage cost ( its already in the surface) and with the deal they are more than like to go forward it will be no processing cost ( ship it overseas to smelt) .
Basically like selling ore ,of course there will be smelting charges but consider we are making a $ out of stockpile of dirt just sitting there for decades.
I think you might be asking what the cost would be if they process it themselves? Anyways previous Pre freasibility came up with $200m which was more than adecade ago and now they are abondoning this capital intensive route and instead just sell the stockpile to the smelter.
Very smart move.
There you go, someones trash is someones treasure ,you never know.
MLX Price at posting:
46.0¢ Sentiment: Buy Disclosure: Held
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