If you go back to before the big pit agreement was executed there was an initial phase 1 small pit with underground attached. I took some approximate infrastructure and mine development costings from that and played around with some figures. I am not that keen to post them as the cumulative errors from a back of the envelope could be way out. My best and worst case scenarios had a large variance.
This announcement has slipped under the radar somewhat but will maybe garner some investor attention when SK drilling and Glandore come out as people look at other recent developments. Have fun up the Mitchell. Gods country..
SAU Price at posting:
31.5¢ Sentiment: Buy Disclosure: Held