I don't think they will get finance approved till the optimised bfs is released in January.
Late January - updated bfs
February - finance approve project approved
March - commencement of project
Production will be higher in the first 4 years after optimisation. I'd guess 125k ish instead of around 100k.
The oxide ore will allow them to run the mill above nameplate capacity if required. Lots of fixed costs running the plant so better to maximize production.
EAR Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held
