Kikass ................... there is one thing you missed in your summery and that is that power obtained from diesel generation is costing $100pt which, when grid power is connected, will go straight to the bottom line as profit and therefore the $US33m becomes $US37m (@ 40kt production) now at say an exchange rate of 65cents US this equates to round $A50m.
It states in the BFS study that the grid will be available in approx 2 years however Andrew stated (at the GM I attended) that managements timelines will now be conservative (this is after the June release of the BFS was delayed and management received considerable flak) and therefore I believe the grid power will be round 6-12 earlier!!!
HKP
Gantt chart, page-37
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