RE:RE:update from comprehensive metallurgical test work program Yes, have to say this is very good news. This increase in recovery rate will have a very positive impact on project economics and ROI.
In the previous FS the mine design was modular. The CAPEX to get to 50K oz per year production was approx. $45MM USD going by memory and another $20MM - $25MM to add another module to double production. If the new mine process design is similar with some tweaks this is going to be an incredibly low cost mine to build. Based on $1500 POG, 100K oz per year production and AISC of $800 per oz Kobada would cash flow $70MM USD per year. I wouldn't be surprised to see ROI well under 2 years.
As for blue sky, I have stated many times in the past that once they start drilling Kobada out more and increase the reserve, I firmly believe you will eventually have a 200K oz+ per year producer and if they design this right the extra CAPEX to get there will be low compared to their peers. Don't disappoint me Bharti et al!
GLTA and stay safe!