RE: BUY OUT05 Apr 2021 22:32
Porv./Ted - talk about stretching the truth - it’s 12km away across arid mountainous terrain. Hardly conducive to feeding ore between sites. That other mine you refer to is hugely capex intensive and cost over double original estimates - $4.2bn and counting. Not only that, but that mine is loss making, output has been consistently lower than forecast, and the operators have incurred one of the largest fines ever made in the region for environmental failures. It’s been a complete cluster, in a very inhospitable hard to access area, hence the complete lack of progress with NGEX’s assets. Suggest you check out Cadia to see what xtr *might* have in Racecourse. Your sketchy Canadian-listed Chilean plays are a very different animals (not in a good way).