re: sub economic.
interesting ... would've thought NPV models are near useless at this stage given the large uncertainties around the project.
may i ask how you came up with your estimate of operating cost per tonne of ore?
also how you came up with a capital costs figure.
always thought it wasn't worth trying at this stage as the margin for error (ie our estimate of cost per tonne and capex, at this point in time, verus what will be the eventual cost per tonne and capex) is so great (easily +- 50%) that coupled with volatility in copper prices (price 3-5 years from now can easily be +- 50%) NPV models now are no better than throwing darts on a dartboard.
PMH Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
