Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Anyone here know if capex reduces with length of mining?
Major costs for capex and opex is equipment....this equipment is maintenance and replaced but most of this equipment has a expected life of more than 9/10/11 years.
On multiple readings of the rns it does feel like they already have an idea and they are trying to show you. It may be that the deeper stuff isn't as lucrative but with a capex already paid for and a banked profit after 4/5 years!! I think we could be onto a saleable deposit.
· The copper-gold mineralisation at the Ascot Prospect comes to surface and contains a higher-grade section of 34Mt @ 0.33% CuEq, reported at a cut-off of 0.2% CuEq
· When combined with the shallower higher grade zone previously reported for Racecourse, this gives a total of 225Mt @ 0.33% CuEq of potentially open pittable mineralisation for the Bushranger Project
Above is taken from the latest RNS.
The 26th of July pit study had an opex and capex of approximately 6 billion aus dollars which is approximately 4 billion usd......the shallow open pitable area is approximately 7.5 billion usd worth of copper at $10,000 a tonne.
So just the shallow area can pay off capex and run at a profit of approximately 3.5 billion.
If we have money to spend on Projects and building small scale mines.....why are the team taking shares in instead of wages?.....
It's another form of dilution and also give thier pals for votes to control the company.
Maybe they didn't like of close the last vote was.
ZeroMatrix
Posted in: XTR
Posts: 111
Price: 3.35
No Opinion
RE: Next News...16 Nov 2022 10:44
And for that reason I wouldn't want to be out of this over the weekend ...!
There, said it!
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ZERO, I wish I was out of this a few weekends ago lol