RE: Update on X30 Apr 2026 10:03
Element you absolute fool, so pmi at curca 12
Million silver ounces is not economical but ufo with 2.9 million silver ounces is π«£πππ
Element1
Posted in: UFO
Posts: 3,316
Good start24 Apr 2026 11:18
Building a decent stake here again. Happy with that resource - obviously loads more to come.
Huge optionality on Hanky and then the wild card of Munni Munni ... I think that's quite attractive at Β£15m
RE: This is impressive:-24 Apr 2026 11:23
Yes of Course they do but the 30% of the capex should be quite low. Much of the cash is spent building plant and getting permit but in this instance we have that in the bag. I would say US$25-30m tops on 100% basis to get this into production and quite probably a lot less.
$10-15m on the mine site preparation and pre strip.
Then $10m on plant modifications and commissioning.
Say - $5m contingency reports and consultants.