Post by
looking on Aug 18, 2021 2:16pm
Start of Phase #2
I have looked at all of the updates and photo galleries and have come to the conclusion that phase 2 production will start prior to the scheduled start of the 3rd quarter of 2022 schedule.
My flow chart of activities and project equipment installation progress is at par or ahead of Phase #1.
my estimate is in and around 25 May 2022 phase 2 production will start.
Comment by
Contrarian58 on Aug 18, 2021 2:25pm
I would agree that it's likely to be up and running prior to Q3, given that they already have the experience of Phase 1, and a history of under-promising and over-delivering, both rarities in startup mining projects.
Comment by
chintzy on Aug 18, 2021 2:38pm
And how quickly do you think can they get to nameplate production rate of 400K tonnes/year? I think Phase 2 at nameplate with Cu $4.50 - 5.00 can bring in about $1 billion CAD on an annual basis, after tax - or $250 million every quarter. That should get some attention when they start reporting that kind of cash flow every three months.
Comment by
topadvisor1 on Aug 18, 2021 3:10pm
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