And OK dont forget about mining cost and the huge amount of tonnes to be moved since the DTR % (mass recovery) is relatively low. Which then brings me on to capital cost- apart from the concentrator what infrastructure will be required and at what cost?
That's all BMG's concerns up to 20MTpa I think? Someone rang Nick (5h maybe?) to confirm and as I remember it CAP pays no CAPEX or OPEX (free carry) up to 20MTpa which = 4 MTpa free carry for CAP.
If BMG produce over 20MTpa, CAP has the option to get more than their 4MTpa but will have to contribute to the costs.
CAP Price at posting:
75.8¢ Sentiment: Buy Disclosure: Held