Cranium is right. Wait for the DFS and mine financing? You might pay more but the confidence level is increased to reflect a transition from an explorer to a miner. I'm guessing there are lots of investors with this play on their "watch list" waiting for the same news.
Actually if you include the 2nd stage CIL plant they need a total CAPEX of @ $170 mil.
This should be addressed in the DFS. The good news is they should hopefully improve the economics of the mine with higher valuations for gold and silver than the scoping study ( based on pit optimised @ $US1,020/oz gold & $US16.40/oz silver ) I'm curious to see if they add any Cu revenues to the study? - With the proposed addition of the high pressure grinding rolls and S.A.R.T process to the heap leach mine.
CJO Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held
