Fäboliden is used for cyanide process (CIL) to enrich concentrates from Vammala. Part of the loss is explained by this. However the prediceted production levels are so low, that the business is hardly profitable in the foreseeable future. There is no explation how the loans would be paid.
The competent person indicates that after 2024 Fäboliden could continue as an underground process for a couple of years. The underground process would hardly be more profitable than the open pit stage.
If mine life would be elongated even more than that, this would make it longer but hardly make it more profitable.
Dragon has been selling its long term environmental problems, that they will be solved when there would profit in the future. This empty talk. If there would be profit this would go to desperate attempts to open a new mine. Based on Hong Kong documents, Dragon is actually saying that they are trying to appeal with the permit problems until the Finnish mines have run out of gold. As Finnish and Swedish companies are separate entities, Dragon would hardly use the Swedish profits to increase the environmental quality and bonds in Finland.
https://hotcopper.com.au/threads/ho...years-earlier-late-news-in-australia.3754662/
New mines mean additional problems with leaching waste stone hills and open pits. The theoretic profit of Kaapelinkulma would a few millions but the wastes would be forever close to the center of the city of Valkeakoski. Opening Fäboliden would enlargens the environmental problems close to important natura 2000 conservation regions and waterways. The problems of Swedish and Finnish mines are against the mining waste directive and water directives of EU.
Dragon states various things what the supervision agency ELY would have said and appealed in Orivesi. (millie43au ELY is not legally permitting agency, though it has decided to not to care about wrong doings of Dragon, which Dragon considers as permiting). Based on public statements of ELY these are misleading. ELY has been appealing for stricter regulation for the closing phase. There appears not be evidence about other kind of public statements.
https://hotcopper.com.au/threads/effect-of-orivesi-to-dragon.4246576/
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