Hi Bruce just to adjust your post,"WKT capex is only 30 million not 300 million".It will cost approximately additional 5.6 million PA for operation cost at $350 delivered to port per tonne with a start up target of 40,000 TPA but plant capable of 60,000 TPA with grades for life of mine >16%TGC.Grades of >23%TGC achievable in the first 3 start up years.
The current VRC start up figure of $536 needs adjusting to reflect the new smaller target as apposed to the economy of scale PFS figure.
KNL operating cost are below $600 per tonne with higher feed grades at 10-11% TGC with an annual production of 60,000 TPA.(Capex >70 million)
VRC are aiming to achieve competitiveness with grades of 4.4. %TGC which will more likely lead to a higher capex and operation cost's than KNL on revised start up target 20,000 TPA.
Croc
VRC Price at posting:
1.9¢ Sentiment: None Disclosure: Not Held
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