GREY:CPMNF - Post by User
Comment by
Greenandgold.on Nov 21, 2011 1:21pm
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Post# 19254720
RE: quick ADV comparison
RE: quick ADV comparisonCapex: CHM has 50 km more rail to build = $200 to $250 million more capex than ADV
Opex: CHM, $51.01 per tonne of concentrate vs. ADV, $44.87 per tonne of concentrate
Rate of development: ADV registered its project for environmental review in October 2011. CHM plans to register its project in 3Q 2012, after completing its definitive feasibility study.
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ADV's project is cheaper and faster to put on-line, which explains the difference in the market caps of the two companies.