DVP 1.88% $2.09 develop global limited

Ann: Sulphur Springs Value Engineering Study, page-35

  1. 11,400 Posts.
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    Really?

    I've got a few questions...

    1. Can anyone point me to the metalurigcal testwork for this deposit? what year it was done?
    2. Development ready - Can anyone tell me where they are at in the pre feas/feasibility stages and/or permitting stages?
    3. Can anyone justify their current pricing assumptions for copper - seems aggressive.
    4. why use NPV 8% for such a robust project?

    Mainly the 1st point is what would worry me.. it is a very aggresive assumption without testwork to say you'll get 55% Zn concentrate at 93% recovery AND 26% copper con at 90% recovery. Most deposits normally sit around 65-75% of one and 70-85% of the other, depending which one is targetted first (they are doing sequential flotation, not bulk here according to their flowsheet). If there is testwork to back it up, no problem at all and it sounds great I just cannot find any.
 
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