For Info CNQ cashflow is as follows.
Announcement dated 22 Feb 2011.
Tailings, Production 50t Mth EBITDA $5Mil Yr Capex $4Mil Mine Life 2 Years Start up 2011.
Low Grade stockpiles. Production 100t Mth EBITDA $15Mil Yr Capex $20Mil Mine Life 5 Years Start up 2012.
Hard Rock. Production 200t Mth EBITDA $30Mil Yr Capex $5Mil Mine Life 10 Years Start up TBA.
I also looking forward to the following.
Updated JORC release.Estimate Easter.
Updated Scoping Study with independent valuation. (My estimate is Easter)
Tara Tin Drilling plan $ Budgeted for in the last capital raising.
Also the distribution of Fitzroy shares (FRY)to CNQ holders.
Sit Back and enjoy the ride.
Please DYOR.
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