Agree, I did some quick numbers on DeGrussa last year and mine life was not very good.
See updated one below:
DeGrussa Copper-Gold Mine Total - Ore Reserve and Mineral Resource as at 31 December 2017 is 8.5 Mt.
Assuming:
1. - 1.6 Mt for this year production (2018)
2. a like for like ore grade
3. and a static 1.6 Mtpa capacity output
4. 20% discounting just in case
We have ((8.5-1.6)/1.6)-20% = 3.45 years left in DeGrussa if we don't find anymore
Agree, I did some quick numbers on DeGrussa last year and mine...
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