Red Dome was never mined UG - only as an open pit. You may be...

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garndo

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18/09/20

14:35

Post #: 47452796
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Originally posted by Niente: ↑

Thanks for the more reasoned response.
1. WQ is quite critical as having to treat water prior to use/release can add several zeros to the cost
2. I agree that evaporation would exceed rainfall at that site but it's unlikely that even with enhanced (read expensive) evaporation you could access the ore in a timely fashion without building massive (read expensive) storage if no other suitable on site storage exists. Then you have the issues of evapoconcentration of contaminants to deal with.
3. Yes, it is highly cost dependant but still reliant on a way with dealing with it once pumped, with a place to put it 12-24 months would likely be a cracking pace. and that's before you can even start rehab on the underground.
4. The crux- does CSD have pockets deep enough or a plan for sustaining cashflow whilst all that is happening?

A quite like a little speculator, but I think the odds are fairly weighted against this one.

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Red Dome was never mined UG - only as an open pit. You may be getting confused with Mungana (which was mined UG)
The project has yet to be demonstrated to be viable (albeit the high Au & Cu price will help).

Agree - odds are weighted against CSD (and they have yet to close the deal) - CSD track record has been less that stellar (in and out of administration with material dilution for ordinary shareholders). To date, CSD assets (Mt Garnet) have been cash negative with the company sustained by debt.

CSD Price at posting: 12.5¢ Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

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Red Dome was never mined UG - only as an open pit. You may be...

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