surf, You have omitted the single most important factor that is relevant in the current market. Margin has been squeezed because base metals prices are down 50% from their peaks and costs are up. Therefore when the plant is commissioned, it will hit home that the project is not viable.
Get the project financial model from the company website and update the revenues and costs.If you know spreadsheet and DCF it won't take you 10 mins.
Just hope that base metal prices will improve and better grades encountered.
CMR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
