Thanks Corgi. The Kal East project PFS illustrates why Rox...

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