MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up
Who the MinRes Board has decided to move on faster may or may not be amusing, depending on how much you've lost.
Corporate Spotlight
DFS for stage 1 of the Kalongwe Project is very +ve ie capex of US$53M, NPV10 of US$186M & IRR of 99% (Pre-tax); 8 year mine life & 17month payback with JORC reserve of 8Mt Cu & 27ktCo. Further Stage 2 expansion via SXEW leaching and ext. of mine life to 14 years has been quantified
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