RE: Leach results are impressive.- oreelseorelse, your argumenets sound a bit spirited.
HP Acid technology can raise yields, but would require lot of money -billions if I understand correctly. Not many people venture into it. Rusina, Caledonia etc.'s experience is not inspiring with tech and delays and overruns.
And that would not even be thinkable with 3 MT defined ore.
The reason why it would get 25% NI only is Falcondo is the only option..Simple take it or leave it.
At 25% realization, you can think of the ore as Cu ore. 3 MT ore, 300K pa processing for 10 year mine life. 33lb/T X 2.75, say 3/lb realization gives you ~90 /T ore value. Not bad for shovel and truck operation, in fact fantastic. At~15/T cost that could leave 75/T cashflow for 300K T ore. How many millions is that.
Unless GMI can define 10 MT ore for 1 M T ore processing, it remains a Cu development co., with some Ni Cash on side.