Analysis from ProactiveinvestorAlthough the details of the Study...

Analysis from Proactiveinvestor

Although the details of the Study were not divulged, the Marianas iron tailings project looks set to move forward with likely low CAPEX and low OPEX given details released to date. It may also provide Condor with a fast payback period given the tailings being treated and use of a local contractor based which could provide potentially strong cash flow generation ability.

A signed option to move to 100% ownership allows faster financing options for developing Marianas to delivering ore, providing greater certainty and also higher financial returns to Condor shareholders.