Good to see Schodde sounding more upbeat than last time. The MRE had 430M tons @ 0.8%cueq in the indicated, so > 750M tons @ 0.9% sounds likely, given their confident talk about doubling the resource. More important is the high-grade to be mined in the initial years, which is what will make it quite a mine. In that recent Chile presentation, Mr. Ward was suggesting under $3B for capex, and payback in only a few years.
Fin Review, page-2
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