Ann: Testwork Proceeding for Concentrate Processing, page-3

LD, my friend, if you wish to be just a one line warrior that is fine. But it serves no purpose other than to establish a stereo type that fits with whatever modus operandi it is that drives such actions continuously?

Yes capex has increased, but it is missleading to just ask a rhetorical question on a public forum & then highlight it with your own WTF don't we think?

As is stated in full the previous concentrate will now be prooduced as a Dor'e which improves project economics by increasing sale value & reducing handling fees significantly..

Plus if the potential offtake entity is prepared to fund entirely or help fund the project as is already indicated then it is not such a concern now is it?

We are not talking a billion dollar build here, rather a turn key build tp a proven process funded by either the process supplier &/or the offtake recipient via forward payments.

All this information explaining why & you managed to just write one line in response? WTF hehe

Now if I may ask a rhetorical question Sir. Why would a non holder with scant regard always be the first to post derogatory remarks.. gltah h8tey

Quote:
In Addition to the positive economic impact of the increased antimony quantity, the production of gold doré will increase project revenue by eliminating the 25% to 30% discount on contained gold value when selling gold-arsenopyrite concentrate, and also an estimated US$50M of shipping costs over the LoM, both of which were reflected in the Scoping Studyresults.

- Based on industry norms of 93% gold recovery, and 88% silver recoveryin the CIL circuit the LoM sales proceeds from the doré would potentially be ~US$300M higher than for the gold arsenopyrite concentrate sales forecast in the Scoping Study at US$1,800/oz Au, and US$22/oz Ag•

The additional capital cost for the concentrate processing facility is expected to be in the order of US$50M for a 50,000tpa roaster and a 75,000tpa CIL circuit that could process 50,000tpa of gold arsenopyriteconcentrate, and 25,000tpa of oxide ore which can be mined separately from the La Demajagua sulphide ore.•

Total development costs for the project are estimated to be approximately US$150M with the addition of the concentrate processing facility, whichincludes the US$27M cost of acquisition of the mining concession and predevelopment costs.