It depends how much spare capacity is around Kalgoorlie and the cost to get it there...but one must remember that SC pre strip costs are around $25M, so that's fairly hefty to get started in the first place. Although, IGR could go straight for that high grade stuff found in March (probably only a few million to get to it) and then use the proceeds for the rest of the pre stripping costs?
Many options, and I'm sure IGR is actively researching all. I doubt that they would toll Maxwells because of the extra kms and higher oil costs.
Anyone have any other thoughts with better analysis?
IGR Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
