The last estimate for the CHPP was $14.7 mil USD ( Aug 2017) but by the looks of the co Ann Feb 2018 the CHPP wont be needed for at least 2 years. For this reason the capital requirements above and beyond normal production costs for the calendar year 2019 are uncertain .
Perhaps the strategy now is to wait until 2019's financial results before seeking the major loan to upgrade to phase two 1 mil t/p/a.
The last comprehensive estimate for upgrading to 1 mil t/p/a was in Aug 2017 for a total of $98.8 mil USD . This included capital costs
for 2017 to 2019 but with the deferment of production ramp up , it is now difficult to forecast both the timing and borrowings required.
Since the. Aug 2017 ann over $10 mil has been spent on plant-equipment and construction with an unknown amount for these items
in the current calendar year.
I guess we'll have to wait for an update
The last estimate for the CHPP was $14.7 mil USD ( Aug 2017) but...
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