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Barry Crocker

405 Posts.

7

30/09/16

00:02

Post #: 19524398
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Originally posted by cdchi1 ↑

I suspect Bullseye will have to be renegotiated. Previously it was done on a lease basis, which was fine since EAR was not yet really in the picture, and MKOs resources were relatively small, so one big producer using the plant.

However with EAR being more certain and not far away, two substantial producers complicates matters where a lease arrangement is involved.

So I expect it will be renegotiated to a standard toll treating arrangement, ie the plant owner bears the processing costs but incorporates this into their TT price.

Cdchi1

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I don't think so... 2.3mtpa of which In the short term (2017) Julius can only supply .5 tpa... The lease at bull's-eye is for 1m tpa... Plenty capacity left... Nothing to feed ...sl talk.... Show me the mine plans to feed the mill with ore to capacity for 2017 & 2018 ... It does not exist. This only works with all 3 feeding the beast.

All off the cuff so happy to be corrected.

Cheers,

Barry

MKO Price at posting: 9.4¢ Sentiment: Hold Disclosure: Held
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