Yep. Its all guessing at this stage until we see the formal report.
But the MD did say our mineralisation is similar to Siguiri. The sweet spot of Siguiri had exceptional metallurgy, low AISC and cheap CAPEX. Because of that the production output of Siguiri during the first few years was 350koz pa.
Our MD also stated we might have a cheap CAPEX. May be he was looking at Siguiri. The CAPEX of Siguiri was $22M in 2007, let's say its equal to $40M now? Still very cheap.
He also expect a recovery of 90-95% and a low strip ratio. All of these combined will greatly enhance the economic feasibility of the project.
Yes, at this stage its all theory. But I would not hold PDI if I dont trust the guy.
PDI: the moment is NOW, page-8
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Last
27.0¢ |
Change
0.005(1.89%) |
Mkt cap ! $634.7M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 27.0¢ | 26.0¢ | $459.9K | 1.755M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25000 | 25.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 94516 | 1 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| PDI (ASX) Chart |