CAY 0.00% 16.5¢ canyon resources limited

Ann: High Grade Resource at Minim Martap, page-39

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  1. 369 Posts.
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    In due course I'm keen to see revised development capital costs... the old numbers from Hindalco etc are about 10 years out of date. Now that Kribi is built, planning for the 130km rail link to Kribi port is at an advanced stage (Fig 8 of last quarterly), I imagine Canyon won't have to pay for it. Capex should be much lower than old estimates.


    So much potential for expansion on the very large resource, as DSO it is very close to customers in North America and Europe I don't see why they'd need to export to China. Rio and Hindalco had big plans, alumina production and hydro power... this project could be a company maker. 

 
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