Wayne, there are a few different options for processing.
1. process the oxide ore themselves, which would require a refurb of the plant and some of the ancillary infrastructure 2. Toll treat the oxide ore 3. process the sulphide ore themselves (probably 200-300m in capex, so unlikely in the foreseeable future) 4. Toll treat the sulphide ore
Maybe they decide on a staged approach such as toll treating the oxide ore to fund the exploration effort for sulphide mineralisation, then raise money at a future point to fund their own sulphide flotation circuit to process the sulphide gold/antimony
But there are other choices they can make too. I don’t think we will get a clear picture on the final decision until Q1 next year.
WA8 Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
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