Well - lots of information in that release, a very detailed document although much of it unchanged from previous feas studies. A lot of info to digest there and will need time to absorb it all.
So what has changed from the previous feas studies?
A few things stuck out for me:
Debt needed to fund constrction.
Still a very conventional mining operation with no new technology planned.
No major spend by CMMC yet, and also no lead items ordered.
Seem to be commited to off-take to sell Cu concentrates to Glencore.
The sensitivity analysis showed biggest changes are with Cu prices and exchange rates.
Odering their own equipment and owner/operator mining (will subcontract out Drill & Blast)
Some tweaks to the previous design of the fron end crushing and the plant to simplify and reduce costs.
C6C Price at posting:
$1.19 Sentiment: Hold Disclosure: Held