RE:RE:Kipushi I wish there was a clearer view as to when Kipushi could get to steady state production of 225,000 tonnes per year. At that rate they could be profiting close to 200 million CAD at $1.20/lb. Zn and see the end of any more need for external financing. That railway spur. could be the key piece, hope there are no delays
If pre-production capitals costs were 337 Million US they must have spent the majority of that already and whatever remainder is amply covered by the recent cash infusion.
cashtango00 wrote: correct although IVN is always pushing the start date so no one really knows when this will be a go. still in talks with the DRC and expecting a final feasibility soon. still need to nail down project financing. with the work required, not sure if it will be pushed out to 2020 yet.