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13:53
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Originally posted by Oreb:
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I'm thinking they'll either look at a slightly bigger plant than the 1.8mtpa scoping study plant and keep the mining rate the same (more ore, less waste) which would increase the CAPEX but also likely lead to an increased NPV. Otherwise keep the plant size the same at the same through-put and the China Pit starter pit mine life would increase from 13 years but these additional years wouldn't have a significant impact on NPV, the decreased strip ration would though.
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I believe Myl pays 76% of development costs, inc capex, with WMM paying us back as a royalty. I could be wrong but for some reason I thought they mentioned they were capacity constrained at about 1.8-2mt pa, raising capacity would be cost prohibitive.
