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05/10/18
21:47
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Originally posted by eastwest101
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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.
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Oh you missed out on the biggest detail. the product at New Ingerbelle has gone to a finder grind. From 70mm railway ballast to quarter minus road base!!