TZN 0.00% 4.1¢ terramin australia limited.

dfs summary released, page-10

  1. 184 Posts.
    Hmm...thoughts after initial scan thru:
    45% more metal over same mine life PFS = good
    57 months = bad...but then there is this: "He added, We think there is plenty of scope to get into production faster. The development rates assumed in the study look quite conservative and we think that efficient management should see
    considerable improvement. The use of road-headers may also substantially shorten the development time and this will be further evaluated in the lead up to project implementation.
    32.2 = good
    310k Zn & 60k Pb tpa = good
    1st yr production 5.3Mt = good
    Long term prices look conservative.

    All in all, a good DFS. 57 months is a bit longer than I expected. Would've like something a bit more definitive on the bank from the PFS, would like to lock that funding in for certainty on TZN responsibilities over next 24 mths.

    Be interesting to see what the market does with this.
 
watchlist Created with Sketch. Add TZN (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.