Not so sure about CAP.
They propose slurry pipe to the railway line. Water comes from borefield just like IRD
IRD will stock 3 carrier shipments at their port, what will CAP do ? What is water depth at Port Pirie ? Will it take cape size carriers ?
What is the CAP grinding cost to 30 microns ? What is IRD grind size ?
My guess is that CAP are 3 years less advanced in drilling results to change classification from Resource to Reserves.
CAP have a group of 10 investors interested. It will be like herding cats.
IRD has proved it is hard enough partnering one investor.
IRD Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held
