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1.6¢ andromeda metals limited

But we've already seen the "scoping study" Wombat, you've posted...

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Youngie75

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14/08/19

09:44

Post #: 39985122
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Originally posted by wombat777: ↑

I think what you really need to know is that the Scoping Study will determine the key parameters for the project ... mine life, production tonnage, sales prices, capital costs, operating costs and ultimately economic fundamentals for the project ( cashflow, payback period, etc ).

The scoping study will set out the project development strategy and look at various options including:
Direct-shipped Ore ( selling ore straight out of the ground )
Dry-Processing Ore to remove 99% of the waste ( sand ) ... creates a higher-value product ( they have 307,000 tonnes per annum of potential sales - based on Letters of Intent ).
They may or may not proceed with a DSO sales period.

The Dry-Processed product could also be optionally Wet-processed overseas using a third-party processor. It is not clear yet if this element will be included in the study ... but they have 200,000 tonnes per annum of potential sales ( based on Letters of Intent ).

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But we've already seen the "scoping study" Wombat, you've posted it up a few times now. Be interesting to see how close you are.
ADN Price at posting: 5.1¢ Sentiment: Hold Disclosure: Held
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