Ecuador and general reseach., page-426

Hi @borrks That's if BOD go down the DTM (Decision To Mine) pathway.

Start up Mine pit equipment would only be
4 40tn Articulates/loaders pit

2 40tn Articulates/loaders overburden-

1 50tn excavator
2 Graders

2 Front End one for ROM pad

1 Service Shed

Pyrotechnics later on

At 3 by 8hrs shifts and plant close by should cover 4mt pa at 48weeks allow 20min between loads.
Most machinery can be purchased 2nd hand on lease.
Not a major experience for shallow open pit stage 1 operations once regulatory approvals and Feasibility in place. Also to HL plant can be twigged for a number of minerals. Cu is on of them.

But STM are Geologists not miners with a good history of Acquisitions. Depends on their model moving forward. Concentrate on Brama towards an Acquisition move onto EP fully funded and prove viability there as well, T/O STM with EP lease, dividend the proceeds and MN and Co can retire.
ATM the most important benchmarks is grades and tonnage especially at Limon due to the Au. More good gold intervals like the last assay and Brama will become very attractive and show the market all the above is short term.
GL@borrks