When you have to strip back 150 to 200m of waste that costs capital - and that's before you really start getting the production up.
Now thats a lot of capital as wast needs to be moved - it costs money to move it.
There will be capital also required to have a functioning mill - that's what will process it.
I can't see the huge pre strip costs which will be enormous to make it a enonoically viable mine. Let's pray that more intercepts between the two pits keep coming. The area between these pits have a much higher waste capacity to move in the event of a possible superpit that is now being sold.
Good luck to the shareholders. It will need more than a few intercpts to make this one work.
- Forums
- ASX - By Stock
- nice results but to mine requires a huge strip
When you have to strip back 150 to 200m of waste that costs...
-
- There are more pages in this discussion • 2 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 MRP (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online