IMO this is a very positive study. $35m pre production capital to be producing approx 20Kt of copper in 2 years from today, for 9 years excluding any further discoveries. Many milestones to clear yet but clear path to mining.
I lifted these slides from Cyprium (I don't own and not promoting) , I have not checked the figures and CNB is not as far progressed but can offer a good comparison. CNB is SS(2024), 20ktpa, Capex $25m IRR of 105.
If CNB can mine it will be top 10 copper producer in Australia, if these numbers are 100% correct, again plenty of hurdles to jump.
Ann: Scoping Study Results Greater Duchess Project, page-99
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