3 ms·
I remember looking at that project back in the day and couldn’t make the numbers work. Not sure if much has changed. Firstly it’s an underground mine which is
by rmm 7y ago
I remember looking at that project back in the day and couldn’t make the numbers work. Not sure if much has changed.
Firstly it’s an underground mine which is inherently much higher risk/cost compared to open cut.
Second logistically it’s a world away from customers (Asia etc)
Again if they had kicked it off back when, and were in production now they could have locked in some good terms from the starved customers and maybe set themselves up as a player, unfortunately I think they have missed the boat.
- duckymcduckface 7y agoI'd that they don't have any measured resources on their list, it's half inferred and half indicated. So moderate uncertainty about everything down there.