Agree Coops. Company was obviously loathe to delay the release again to secure the additional 4 drill hole results but in hindsight that would have been the better course of action for the share price.
key points:
PFS was done using very conservative figures. I think Tony used the word conservative maybe 20 times. Ha!
Mine life is expected to be greater than 20 years. Interested parties are comfortable with 11 year mine life
construction cost of plant was done using Austn numbers but will be lower due to use of Asian labour.
2009 capital cost numbers were badly done.
cost of ore is for final product landed in Asia and is competitive among existing players.
Costs will decrease over long-term on per tonne basis
partner or partners are happy with economics of project at 11 year mine life
Tony is looking to finalise contract as soon as possible.
project economics stand up and will be taken through to the DFS stage.
over the next few months tonnage will be increased.
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