From the Quarterly Report "In preparation for the Prospectus to accompany the Rights Issue Offer, Lincoln engaged an Independent Geological Consultancy to evaluate the Modifying Factors and update key economic parameters to identify opportunities to update the Feasibility Study. Findings of this report will be made available in the coming weeks."
The mining lease proposal was for a mine to process 250,000 tpa
In 2012, based on upside potential from exploration Parsons Brinkerhoff explored a mine proposal of both 200,000 and 400,000 tpa
Its interesting to see how little the capital costs change between 200k tpa and 400k tpa and how it significantly reduces the cost of production.
Looking forward to the updated feasibility study.. Should generate considerable media coverage and interest.
LML Price at posting:
6.7¢ Sentiment: Buy Disclosure: Held
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