That's how I read it also banksy88, split that 10mt/pa in half to get 5mt/pa each for EQX & Exxaro, then split the $500m in half for each as well to get that $250m CAPEX figure. I'd hope that we would be able to be operating lower than $60p/t OPEX though, especially if our met tests are finding that the bDSO and colluvial IO is easily upgradeable to a DSO product. The DSO we should hopefully be able to just dig up and rail to the port, no further action required. All with be revealed when we get our JORC and the company is able to start releasing CAPEX/OPEX information collated by NDIS.
mal good point re 100% ownership, then remember 10% is taken up by the Congo on conversion to a mining permit. So we will be sitting with 90% of the project, Exxaro 82% of theirs.
I've switched my sentiment to a long term buy, as I'm going to wait for what occurs on Sunday with Greece before deciding when to buy in again next.
EQX Price at posting:
$1.87 Sentiment: LT Buy Disclosure: Held
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