new jorc, page-27

VRX, another ASX listed copper explorer just released their Scoping study.
"? Scoping Study delivers attractive economics for Thaduna/Green Dragon
? Confirms viability of open cut followed by underground mine
? Key economic findings include:
o Capital expenditure estimate $70 million
o Operating Expenditure average $1.75/lb
o Average Production (LOM) 15,000tpa Cu
o Anticipated Mine life 10 years
o Anticipated Life of Mine Production 150,000t copper
o High recoveries and concentrate value
? Ventnor to immediately commence BFS"

Thought it was interesting to highlight their C1 costs in comparison to AVB. $1.75 v $0.85 or ($1.10 for life of mine).