Thanks Corgi. The Kal East project PFS illustrates why Rox shelved its first Scoping Study
This is what BC8 announced for Kal East.Development strategy – project is in the Go Bay
Key permits in place and long-lead time items acquired
Initial Ore Reserve underpins a five+ year mine life
Final investment decision deferred until construction conditions improve
What this really means is:
Capex blew out
Operating costs jumped
AISC rose and margin fell
POG uncertain
Finance was not available for this short life of mine project.
Similarly, Rox first planned a 1.2 Mtpa plant to process ore from the shallow pits such as Grace but then scrapped the plan imo.
Now they chosen a plant that is similar to the one planned for Kal East but with much better metrics
Rox's ore grade will be a lot higher than 1.9 g/t, imo at least double.
That dramatically changes all the other metrics.
based on a plant that could process ore from the shallow pits and chose a smaller plant that could
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