There is no way for us normal shareholders to know what the projected construction costs will be at this stage. Remember that they will still be assessing a range of options ranging from a base level 1-1.5Mtpa through to 3-4Mtpa which would vary the construction costs. The sub $50million figure quoted thus far was for a base level operation.
I agree with The Alchemist - i think we will see more price strength after the PFS is released as we will have a better idea about the costs and what output they are looking at. I think the resource estimate will also give us a boost when it is released.
RHM Price at posting:
36.0¢ Sentiment: Hold Disclosure: Held