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>> what are you on about ?
Another way of letting you know that Ma has been sitting on her Ass all afternoon!
Lmao, what are you on about ?
I hate to say it but I think we've had the sweetener today....................
i think, in bird speak, it means:
'feck, i've dug myself a huge hole bs'ing the market with my tier-1 world class asset ****e' - 'i need some time to figure out how the feck i'm gong to get out of this.....'
BS baffles brain.
Soz almost forgot the question………A raffle.
Good one gord, I was going to put the updated conceptual feasibility study but my failed state education won’t stretch to being able to accurately decipher this paragraph from the RNS.
>>The continuing economic study by independent consultants Optimal Mining will model the impact of TOMRA pre-concentration on the overall economics of the Project, while we also consider other pre-concentration routes for Bushranger ore and we look forward to releasing an updated economic model for the Bushranger Project."
Upon reading it half a dozen times! I’ve decided it comes into the wishy washy category of decisiveness in the typical vein of xtract reporting that leaves you scratching your head wondering wtf it actually means. But in the back of your head, you have a feeling it means they will wait until further potential pre concentration routes have been explored and then tested, so those results too can be incorporated into the ‘continuing economic study’ along with further test work results on more high grade samples ‘before’, releasing the updated model and study to the market.
What say someone with letters and 5hit after their name? 😉😆
Just for fun , anybody with any thoughts with regards to a pre agm rns sweetener ? I'm going with first income from kukuyu :)
They could stockpile the spoil until the mine is exhausted, hopefully by then the price of copper will have risen sufficiently to make it economical to run the tailings.
Not XTR of course.
Lmao, very good mr jezzo !. I've had a quick scan through the TOMRA australia website and it does mention re-running rejected ore for scavenging and finer sorting , every little counts !
It's the ore CB rejects that make's XTR the best.
Sorry, couldn't resist.
https://www.google.com/search?client=firefox-b-d&q=it%27s+the+fish+that+john+west+rejects#fpstate=ive&vld=cid:28bbc7e5,vid:AZ_RoeZxhrU
It crossed my mind that there is a possibility the rejected ore from sorting could lend itself to bioleaching , thoughts ?
I would take 5p now tbh
Ooooooo 10p defo
I'd be happy with half that Jezz
You are correct Howezap, if it's smaller but economical it has a value and once the AA hurdle is crossed it could be a nice little bolt on for a larger operator nearby with an infrastructure already in place.
Just get it sold CB.
10p please
What needs to be remembered is that all xtract need to do is show there there is a reasonable business case that an aquirer can be confident the project can be progressed further. If it comes from a far smaller operation that doesn’t exploit all of the Cu inventory but is shown to have a better economic outcome as pre -concentration will ultimately offset a degree of those recovery losses with reduced Capital outlay and Operational costs which will have a positive counter effect on NPV.
What was it that you used to preach Steve4077? It’s not about the grades, but what can be economically recovered. It’s basically the same ball park.
How xtract achieve that in the ‘most’ attractive production scenario to show the project is desirable is what is important.
I'm just hoping CB doesn't do an interview as the SP usually takes a bit of a kick-in when he does.
Anyone got any thoughts on how long it might take Optimal Mining to update the economic model for the Bushranger Project?
Glixxer
They have removed run 4 from the numbers they talk about, you can see it in the table in the RNS
Cheers
James
Hi Howezap
It’s not just achieving an IRR of 25% +, it needs to be based on realistic/attractive assumptions. I could make the current conceptual study have an IRR of 50%+ by increasing the price to a level that generates this but no one’s going to buy it just cause it has an IRR of 50% + at a copper price of say 15k a ton.
I agree with what you say about waiting for the updated study, but personally I’m getting less and less confident in BR.
Cheers
James
Run 4 does kill the av a bit - I wonder what happened there?! - If that's removed the av goes over 65%
Firstly, I would have expected a positive economic evaluation from the inclusion of the additional ore achieved from phases 1&2 anyway, with the understanding from the interim update/report that ‘warranted’ further optimisation drilling in a next drill schedule with pre-concentration a further avenue. Not because further optimisation drilling was deemed necessary as phases 1&2 come up short! Doesn’t generally work like that, the company knew what they needed to achieve when they closed off.
However, the most important thing now is that the concept of incorporating BOS has been confirmed now to be a success. With decent recoveries and grade upgrades, with an initial estimate of 64% decrease in the material ‘considered’ as waste, which a smaller plant and throughput, would potentially add more scenarios to those existing 16 economic pit shells with greater options toward seeing the all important production scenarios that would include reduced Cap and Op costings as well as seeing how the economics of a larger plant of 20-25 mtpa would come back with the resulting BOS.
The confidence that the current results can now be input into the financial model will hopefully now see that circa 25% IRR figure achieved and a decent NPV.
A point of note is that Tomra are still confident that BOS could be amenable for the higher grade ( that will be the early mined Cap payback phase) with Xtract not feeling it necessary at this stage to wait for those further tests to be returned ‘before’ incorporating into the model.
Will wait for the full study which will show where further optimisation and pre-concentration can improve value and wether there is any need to advance any further before seeing where AA are and what they want to do.
Must admit I have a tier or 4 in my eye!