I wouldn't necessarily be using NZC capex. They have much higher head grade and therefore producing higher concentrate grades which equals better payability. Which as per their PFS they are still being very conservative for. We either need to find a way to improve concentrate grade or we have to produce Cobalt Sulphate to ensure the best economics. Both come at the cost of upfront capex. I would be much more willing to lean towards JJY conservative numbers until we see.
As for the 'good to be conservative' theory selling things short I totally disagree. If you had been telling people the JORC would be 100Mt for months I don't think we would have seen the reaction we have.
Under promise, over deliver. I think BB is right to be measured in his approach
I wouldn't necessarily be using NZC capex. They have much higher...
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