Despite the extra capex, the payback period doesnt seem that different though (roughly shifted from 2.2 to 2.7 years give or take metal price movements). I believe the extra capex was meant to lead to extra efficiencies in operating costs per tonne with the crushers?
Maybe the 154M may be seen by the market as much more of a funding hurdle for CJO to get through than the 80M (it probably actually is much more of a hurdle)
Maybe this would indicate that sp will pick up when funding methodology/availability is confirmed. The wording in the ztudy and terriers posts leads me to be optimistic about this happening however, along with their epxressed desire to avoid capital raising.
CJO Price at posting:
9.9¢ Sentiment: Hold Disclosure: Held
