Hi Perdy, Just commentating on Stocktaking’s rough calculations....

Hi Perdy,

Just commentating on Stocktaking’s rough calculations.

Basing cost estimates on Carouse Dam seems a little off’, given Saracen have sunk capital into a mill, whereas Nexus won’t be doing that, but will instead pay a toll to a mill owner (presumably Saracen) to have their ore processed. Ceteris paribus,, Pinnacles ASIC should be higher than Carouse Dam’s, as it will have to factor in this charge.

Like you, I have no idea how much, or little, milling charges will be, but would imagine they wouldn’t be immaterial.

Anyhow, it should all be detailed in the upcoming study.

Would still expect Pinnacles to be highly ‘doable’.