I thought you must of accidentally posted on Aru. Looks like little knowledge about mining seems to be a problem for you. I’ll share some of my 28 years of experience with you just to get up to speed.
38 years mine life 200m depth anything but a deep pit actually the very opposite. Biggest cost in running any mine after being built is the pre-stripe or waste. Deposite is consistent across the resource. High amount of the resource is in the indicated category, ideal environment for open cut mining.
As far as being in the middle of no where so are half the mines in Australia let alone the world. Finance 1/4 of the money needed already being offered by government and substantial interest from overseas interests also. The mine will go ahead
ARU Price at posting:
42.0¢ Sentiment: Buy Disclosure: Held
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