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Sagres Energy Inc V.SGI



TSXV:SGI - Post by User

Comment by petersburggrayon Oct 31, 2022 9:33am
128 Views
Post# 35059732

RE:Zuleika vs. Vango, 2022WASC357

RE:Zuleika vs. Vango, 2022WASC357Page 113 has list of expenditures needed to ramp K2 to production from a 11Jan2018 meeting between zuleika and vango. Total pre production CAPEX come to almost A$31mm. Per 2022wasc357 Bruce Mcinnis refused to have Superior participate in K2 and even wanted to build mill on site, zuleika,that was running project as the manager, told mcinnis that building mill would make K2 uneconomic. With Superior involved in K2 about A$10mm of preproduction costs fall away. No need to build a camp at K2 or rehab airfield costing A$10mm. Crews working K2 can live at Plutonic and fly in and out from airfield at either Plutonic or Sandfire Degrussa mine.
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