independent valuation of luapula plant, page-105

@Mutley8 ....LOL

Sorry I'm not confused at all..

P2 of Mr Connelly's report in the executive summary.....
"The project is based on processing 25 tph of copper cobalt ore."

Let's see 25t/h X 24 hrs/d X 365d/yr = 219,000t/yr at 100% availability.
80% availability = 175,200t/yr rounded to 175,000t/yr

Why 80% (estimated P16 of report) scheduled maintenance and unscheduled breakdowns/stoppages (hence why he mentions carrying spares).

You don't like the numbers in the report, I get it, but please don't dismiss them. They are not my numbers, they are in the Independent Experts report.

You re-read the report and quote where it states 250,000t/yr, I certainly can't find it.

Last years estimate from the company is irrelevant when an Independent Expert has stated something different!!