Well, the catch is that
a) this is a scoping study so capex and opex is +/- 30%
b) the grade is ultra-low, comparable to Chilean porphyry deposits
c) water is going to be a gigantic issue - you need 1 to 1.5t of water for each tonne of ore treated, so...where's 30GL of water coming from? Best bet (like Chile) is going to be the ocean...
This is a big company project held by an $8M market cap junior. So ultimately the play here is to do a PFS to attract a JV from a big partner.
Ann: Scoping Study Confirms New 23-Year WA Copper Project, page-5
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Mkt cap ! $89.12M | |||
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