Keysbrooks is 8 years...but they reckon they have another 3 years...so would bring minelife to 11 years. Extra 3 years should add around 10 mill to the NPV minimum you would expect.
Despite delays, i see no reason why Keys wont eventually get into production...its very similar to other WA min sands proejcts and given their decent track record, shouldn't have problems with financing.
As for uranium...just about anyhting in the NT as uranium potential and anything drilled will obviously be assayed for it. More often than not veyr low grade will be found, so wouldnt give any credit for uranium.
Harts Range is where the real action could be if the abrasives demand market takes a turn for the best. In particular, concerns over the use of copper slag etc could result in increase demand for the products at Harts Range. Obviously that is a market risk...
OLY recently presented to Patersons who were impressed with their mgt...so hopefully some buying interest will come from Patersons. I probably should have got shares instead of options...ubt we'll see how it pans out. At cost of only 3.3c, wont break the bank if ive got it wrong.
Cdchi1
OLY Price at posting:
0.0¢ Sentiment: None Disclosure: Held
