RE: 16 economic pit shells30 Jun 2023 08:41
US$8,000/t, US$9,000/t, US$10,000/t and US$11,000/t were used in the study.
these 4 pricing scenarios were then used at both 20mT and 25mT giving 8 shells.
These 8 shells were then used at 0.1 and 0.15 cutoff giving the final 16 shells.
All were cash flow positive if CAPEX was excluded (i should bloody well hope so).
Some had the potential to be economic if CAPEX applied depending on amongst other variables PRICE.
I conclude that non were economic at the 8 lower priced shells (US$8,000/t, US$9,000/t)
I conclude that the higher priced shells have potential if pre concentration applied successfully (US$11,000/t).
I conclude The US$10,000/t is around breakeven. My conclusion is based on my experience of Bird Speak accompanying the report.