Yet another re-spewing of the already published Hype, nothing new and still ignoring the real issues !
1) ESG ~ EIS study is coming in about 1-2 years time, won't get a ML until EIS is completed.
2) Heap Percolation ~ Clays are reasonably impermeable, no agglomeration apparent on process sheet ?
3) Clays eventually break down into colloidal slimes (Quicksand~Silts etc), what do you do with them ?
4) Basket value is not Sale price ~ Chinese are currently paying US$4500-5000/t for 42-45% concentrate, you may get US$10,000/t for 90% ?
5) Can't produce a JORC compliant Ore Reserve, until all costs are factored in, which will not be known until EIS is completed
6) Hard to raise CAPEX without an Ore Reserve,
No mention yet of :- Depletion, Dilution, Strip ratio, Mining units (Machines) ~ hopefully in the Scoping study, but I doubt it.
Conclusion: Not getting into production anytime soon / if ever !.. Market Mining appear to be going well though !
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