Yesterdays update has shown the company is prioritising the M&I numbers over the districts resource scale. For good reason.
These are the important numbers for the mine plan and DFS. Expect a big improvement in the strip ratio in the DFS, is my call.
No one should be pushing that this is the best resource from a thickness / depth perspective. It is not. But it is economically very attractive.
There is many ways to skin a cat, and the cost advantage from a labour and energy perspective is huge compared to WA and Canada.
We do not need a Government funded road that could cost $100m in some countries.
We do not need a paste plant to go underground that with capitalised interest will cost $80m, and be an OPEX burden for the life of the mine. How much does a 160m Cube paste plant cost to run per hour 24/7??? Not cheap in WA is my understanding.
I wager here will put in a new ATH way before a lot of the wannabes. IMO
LRS General Discussion, page-17663
-
- There are more pages in this discussion • 943 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LRS (ASX) to my watchlist
(20min delay)
|
|||||
Last
12.5¢ |
Change
-0.020(13.8%) |
Mkt cap ! $349.9M |
Open | High | Low | Value | Volume |
14.0¢ | 14.5¢ | 12.5¢ | $1.470M | 11.21M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 1127578 | 12.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.0¢ | 551683 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 1087578 | 0.125 |
32 | 2611784 | 0.120 |
9 | 721395 | 0.115 |
13 | 1140617 | 0.110 |
4 | 1119230 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.130 | 551683 | 10 |
0.135 | 1802823 | 9 |
0.140 | 555931 | 10 |
0.145 | 354157 | 7 |
0.150 | 495819 | 11 |
Last trade - 16.10pm 05/08/2024 (20 minute delay) ? |
Featured News
LRS (ASX) Chart |