And FYI - operating costs for shallow pits are quite low - therefore high profits.....
"Based on these results, the Board of KBRL has decided to proceed with a formal Pre-Feasibility Study immediately. It is anticipated that this study will be completed by the
last quarter of 2008."
The estimated capital costs breakdown is as follows:
A$ million
Processing plant 56.4
Engineering, procurement & construction management 5.5
Support infrastructure 3.2
Tailings storage facility 2.5
Accommodation 2.5
Other plant ancillary costs 3.2
Pit establishment 1.9
Total ~ 75
The Project is located on pre-approved mining leases. Previous ethnographic and environmental studies have indicated neither endangered priority species plants nor
any significant heritage sites within the mining area."
Great LT buy at the moment IMHO
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