CZI 0.00% 11.5¢ cassini resources limited

Ann: AGM Presentation, page-53

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  1. 6,739 Posts.
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    In a nutshell. They're not drilling out Succoth. They're drilling to try and understand it.

    Let's say it takes 3 or 4 years to do limited sequential drilling to get to understand the geological controls.

    It then takes another 3 to drill some of it up to production status if you're mining at 10m TPA. i.e. They want to be able to make a decision in 3 to years time what to do with it accelerate not a strong copper price environment or not. Given these deposits are mutli-year deposits I suspect you do not have an appreciation for how long it takes to do these things properly.

    For example Olympic dam probably the biggest Cu - U mine ever was discovered in the 1970's. Only developed in the 1990's it going strong now likley expanded and will be able to go for 50 years or more probbaly.
 
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