“Between now and the completion of the feasibility study, including regional exploration, we expect to spend approximately USD150 million. The development of the Cascabel project will take around USD2.7 billion. The project will start at about 20 million tons per year and build up to 50 million tons per year. It will hit peak production in year 14. We currently plan to start production in mid-2025. Ecuador's share of the benefits from the mine will be around USD17 billion.
If we can have five projects working under the SolGold banner over the next 20 years, we can deliver in excess of USD80 billion a year in extra income for Ecuador, which will completely change everything for Ecuadorians.“
Hi L2, Not being a chartist - when is this crossing point likely to happen? What would have to happen to prevent the crossing. What normally happens after the crossing (and why)? Many thanks in anticipation P
Franco deal completing will have a key effect also pfs and cornerstone deal , conditional finance agreements - were working on a number of large deals - 2 billion is coming together - all connected to question about share price rerate and milestones to influence