Could one of the top 20 shareholders request for the Lower Quartile Solutions report from management. It would be interesting to see what profits Glengarry will get when the current price of copper of $8940 per tonne is entered into the model. Curious what it will be compared to the $6mil we're selling Maitland for.
Engineering consultant, Lower Quartile Solutions Pty Ltd (LQS) was engaged to run provisional open pit optimisations using Whittle software on the Indicated portion of the Maitland Mineral Resource. The optimisations were run using a range of copper prices ranging from A$3,500 per tonne to A$10,000 per tonne. Cost parameters were provided by Glengarry and analysed by LQS to ensure they were robust estimates. The optimisation results indicate positive cash flows are possible from copper prices as low as A4000 per tonne. The Scoping Study assumes that ore will be transported to a mill up to 350 kilometres away and that limited infrastructure would be required on site.
GGY Price at posting:
0.0¢ Sentiment: None Disclosure: Held
