For anyone interested in BP33 Capex, may refer to their...

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mirage2002

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06/12/23

09:21

Post #: 71294055
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Originally posted by mirage2002: ↑

I can see your questions are genuine, so I am replying you.

'but does this factor in the grade of the product, as Core is producing 59% grade as far as I know. Also what about the all-in costs? what would they be?'

The grade of the mine is good, 1.5%. The method Core is using is DMS. 60% of recovery is considered not bad. And it is still getting better. Good like AVZ's DMS testing is only returning around 68%. For the cost, you can refer to @WhatsTheTip post https://hotcopper.com.au/threads/banter-and-general-comments.5838196/page-34430?post_id=71238302 $900 AUD is the cost.

'The other thing is cash-flow and how development of bp33 and to make it operational, plus any other drillings to increase resource, etc would affect the cash at bank (this this is a much more complicated calculation, and Im not sure anyone here would do it with any confidence? or would they?? '

The $50 million Early work fund already covers some of the capex. And the original plan was only requires $80million of capex. Let's say double of that. Then further $100million may be required. With the positive cash flow in the next few quarters, $100m is still achievable without any debt.

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For anyone interested in BP33 Capex, may refer to their application to NT government as below:

https://ntepa.nt.gov.au/__data/assets/pdf_file/0010/1069327/main-document-bp33-underground-ser.pdf

On page 89:

'Benefits to the local and regional (NT) economies are expected to accrue through the generation of jobs and the sourcing of goods and services required for construction and operation of the BP33 Project and extension of Grants processing facility. The capital cost to develop the project is estimated to be $A33.79million, with the expected capital expenditure for the project estimated at $A45million into the local economy.'

CXO Price at posting: 23.0¢ Sentiment: Buy Disclosure: Held
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For anyone interested in BP33 Capex, may refer to their...

From the Floor question: "Why are you going back to Ned's Creek for a drilling campaign?" | Lodestar Minerals

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MiningNews Select Conference: Smooth permitting, strong teams the key to project success and reaching demand

ASX Market Close: Index gains 1% after interest rates pause | June 18, 2024

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For anyone interested in BP33 Capex, may refer to their...

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From the Floor question: "Why are you going back to Ned's Creek for a drilling campaign?" | Lodestar Minerals

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MiningNews Select Conference: Smooth permitting, strong teams the key to project success and reaching demand

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