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mg14 and windabout

  1. zereal
    1,158 Posts.
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    02/05/11
    20:54
    Post #: 8342498
    Reading from the latest quarterly to me it seems the excised area is not as attractive as what may have been expected.

    MG14: (1.1 Mt@ 1.7% Cu)
    Copper recovery 68.9%
    Cobalt recovery 87.4%

    Windabout: (18.7 Mt@ 1.0% Cu)
    Copper recovery 55%
    Cobalt recovery 76%

    It is now being proposed that one option may be to develop MG14 on a standalone basis and to not develop Windabout.

    As MG14 would only be a 2 year operation this appears to significantly reduce the attractiveness/viability of the excised area ever being developed?

    It seems like no smelter is interested in paying for the cobalt credits so the way I read it not much will be happening on the copper front?

    GUN Price at posting: 23.1¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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