Hi Grussellt,
8% to 10% return isn't at the flash end of the spectrum. I don't think our tenderers will be wanting to give away too much of the cream above that bench mark.
I guess tenderers will be cognisant of the fact that the market is valuing HGO in its entirety at > $50m
when its pregnant with a forecast for circa 18kt of copper coming from the pit after 4 months of mining cost with one machine operating and 16months of processing..
Hillgrove 2019, page-9
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