CAY 0.00% 15.0¢ canyon resources limited

Ann: Canyon commences drilling at Minim Martap, page-28

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  1. 482 Posts.
    lightbulb Created with Sketch. 73

    Thanks for that.


    I've looked through all company announcements for the last five years and can find only two estimates of rail capacity:


    - 2-3 Mtpa in the October 2015 quarterly (30/10/15)

    - 1 Mtpa in the 2014 rail study (26/11/14)

    - a comment in the January 2015 quarterly that the consultants who conducted the rail study were doing more work - "a more detailed study is underway" (30/01/15).


    The company has announced that a 10 Mtpa operation is being considered but it hasn't stated that the existing rail has a capacity of 10Mtpa in any ASX release I have read, including the revised presentation of 11/12/18.


    Mota Engil is currently assessing the capacity as I understand it.


    Have you seen a public report that confirms a capacity of 10 Mtpa please?


 
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