"This mine will be closed down eventually due to danger or deaths if it does go inderground,"
given the lithology hard to imagine the rock there is that competent (overall) if going underground , let alone water ingress issues .If the same mine was in Australia would any MD given the regulatory OSH conditions consider going underground with it ?
So why are they considering it in Philippines ?
Personally I excluded underground mining from my NPV calculation.
The Demise of RED5, page-31
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