Wow! Opaline check out those copper figures. We were out by a massive massive amount in our estimates. This is just a stunning result in my opinion.
Basically there is over US $1 billion worth of copper in ground sitting ABOVE the lead resource. This is the prestrip ground to get at the lead and from memory much of it is contained within the areas that will be targeted first in a staged development.
And then the great news about the viability of the heap leaching process for zinc. It is my understanding that this will deliver an IRR above 20% but don't quote me on it. If correct this will be an excellent return for the first stage and fully justify taking the initial low capex approach.
Really its an outstanding report apart from the blasted dispute not being resolved yet. I note that the company is moving everything forward on the assumption that it will be resolved. Money talks and given that it is Iranian inaction that is holding it back and their real need, well let's hope that resolution is not far away.
On the employment stuff, sounds like they are ready to go with the right people subject to the resolution.
I'm holding in there.
Wow! Opaline check out those copper figures. We were out by a...
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