GREY:GLBCF - Post by User
Comment by
Mark101on Feb 21, 2014 2:52pm
114 Views
Post# 22236166
RE:RE:RE:RE:RE:GCO vs Market and IR Conversation
RE:RE:RE:RE:RE:GCO vs Market and IR ConversationThe difference could be open pit vs sinking a shaft. If FCO has to go to 1000m it means they need to sink a shaft which is around $1 billion for the shaft alone. That could make the project unfeasible at the current cobalt prices. If GCO only has to go down 200m to 500m we would be looking at an open pit mine which cost a lot less to build than sinking a shaft. Its also a lot quicker to bring into production.