From the last interview Samso AR was saying they will go underground. The reasons really were that the tin/ tungsten price is seen to be well supported ( propelled?) due to supply/ demand going well into the future.That effects a mine layout as a big open pit costs more ($200m) than underground ( $50m), but you can mine quicker if OP.
However if price is seen as stable moving fwd ( due to structural reasons), there’s no need to get it all done to time to coincide with a short commodity cycle ( like the IO).
That has benefits as it means they can go underground ( low CAPEX), can keep mining for decades ( extending stopes/ drives) which funds/ banks luv,and critically have a small footprint for easier permitting ( faster approvals), spoil back down mined sections, more community support etc.It also means the mine can have high ESG which would premium value the ore( eg hydro power etc).
The LME now have a 2 tier lithium price to reflect high/ low ESG components because of demand for it. Other metals can’t be far behind that.
- Forums
- ASX - By Stock
- CRI
- Mt Lindsay - when does VMS become a tin producer?
Mt Lindsay - when does VMS become a tin producer?, page-3
-
-
- There are more pages in this discussion • 126 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 CRI (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $32.04M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.1¢ | $18.04K | 1.548M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 1802150 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 1425947 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 1756650 | 0.011 |
19 | 4925099 | 0.010 |
9 | 5198333 | 0.009 |
9 | 5166996 | 0.008 |
6 | 4071428 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 1425947 | 5 |
0.013 | 1142992 | 7 |
0.014 | 1360037 | 5 |
0.015 | 1367825 | 4 |
0.016 | 1074330 | 4 |
Last trade - 15.27pm 13/09/2024 (20 minute delay) ? |
Featured News
CRI (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online