OTCPK:CPPMF - Post by User
Comment by
geezer21on Apr 21, 2022 11:42am
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Post# 34620372
RE:RE:Caring & Sharing
RE:RE:Caring & Sharing
"0.24% grade. Not very good. With the cost that are going up sharply, this will generate negligeable margins"
Not good for an underground mine or for a plant running on diesel or for a plant without economies of scale or for an inefficent plant or for a plant in high risk jurisdiction or a plant lacking easy transportation to market.
CMMC is none of that. 0.24% is good.
CMMC is a large scale low cost open pit in a safe jurisdiction running on electricity with a modern efficient plant and close to shipping.