RE:oitarWell there is no question about it Chidliak is in a hostile climat.But the new deep water port funding came as a result of the both governments seeing the need to advance the Chidliak mine with a view to create employment.So the company thinks it will help lower costs.There is no water retention dykes needed at Chidliak like Lac de Grass.Those dykes are very costly to build.The rich ore values will likely lower cap -ex as well as the plant can be much smaller than the Lac de Grass plants yet still provide = revenues with much less ore volume.So mining costs should come in at lower costs.Chidliak is also 130 km from the port town so the workers could live in town and work the mine by daily travel by ice rd or a new yr round rd partly funded by PGD and the two goverments splitting the costs 3 ways rather than PGD building a small mini city on site like Ekati and Diavik had to build to feed and house workers.
I have spoke to Eric on costs he said it will be less than the lac de grass mines he thinks.In fact John Kaiser thinks the IRR on the first 5 yrs mining the CH-6 will be at 77%.GK is at half that IRR.
As for trying to put an IRR on KDI we need the last part of the puzzel the valuations to even attempt it.