Personally, I think bringing the rig was a mistake. We've never used it. It would have been better utilised elsewhere or sold off. Same as the lab. If you never use it, then it's just a burden on costs with no reward.
You are right that transport cost will certainly add up. So it could be viable to shift to fines sometime in the future. But it also means you need to blast 30% more ore to ship the same quantity. But as you say it is more pure. And you then need to dispose of the waste.
But you were wanting to use the fines spot price NOW. Even though the contract is LUMPY. This is a big mistake imo. Similar to saying Noble are shareholders and have now sold.
Benefication is another option, though much more expensive. ZAM have mentioned buying ore at the gate for treatment. This could be another viable option when ZAM come online. Sell ore surplus to our needs.
Not long until jan 31st. Another delay or the green light?
KAB Price at posting:
0.8¢ Sentiment: Hold Disclosure: Held