Very interesting information in Maximus Resources' Quarterly: "Negotiations for a long term Toll Agreement for the supply of 1.0-1.1 million tonnes of ore from 2019 continue, with discussions including the option of Toll milling or project acquisition... negotiations include the requirement for an expansion of the current throughput capacity"
Smells a lot like Gekko.
If so, on the one hand that's great. I'm well and truly on the record as believing that CM1 is in serious trouble without a deal locked away ASAP.
On the other hand it raises many questions, how long will securing this deal take? how long will the refurb take? What extra overhead costs will be incurred by milling for many months longer than originally scheduled since Burbanks' capacity is only 200ktpa? How will mining contractors be paid on time? What will the milling cost be and what impact will this have on project economics?
