Posted on TAW thread but will be surprised if they actually produce 7% for full shiploads. Increased grade usually comes at the expense of recoveries. So MC/Primero's job will be to work out where the maximum value intersection point sits for both grade and recoveries. I would expect to see more like low 6's and high recoveries. So maybe think more like $895-910 for 6.1-6.2% at higher recoveries. But I am just speculating.
Performance to date looks like MC has been straight up about good metallurgy and a simple flowsheet. Quick to build, low capex plant looking the goods. Duplication looking a surety provided those reserve upgrades come in strongly.
Short Term Trading Week Starting: 26 Mar, page-218
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Last
8,586.9 |
Change
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Mkt cap ! n/a | |||
| Open | High | Low |
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| XAO (ASX) Chart |