I think we will need to await the BFS for the reasoning for the change in focus of revenue streams.
I can only speculate that perhaps the Co, Ni, Zn concentrate will be harder to sell at the present (offtake agreements unavailable due to smelters still on C & M?) and/or need for sale overseas.
Also, when comparing 2007 to 2010 BFS figures, Au & Cu prices may have increased sufficiently to justify the mine based on this concentrate. If this is the case, that would make for a very very robust project when you consider the value of the Co,Ni,Zn credits become 'cream on the top'.
I get the feeling that the Kylylahti BFS will be pleasantly surprising to many investors. Lets hope so, and i await the results eagerly.
Cheers, Split
URL Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held