RE:RE:how soon Ikny, check out what Darter put up a few posts back.
Guyana spent well over $200 million building out this infrastructure over the last 5 years. Replicating it now would cost even more.
In the December Pre-Economic Assessment for Toroparu, capex was estimated at $360 million. But processing that ore at Aurora means much of that expenditure is not needed.
Instead, a road will be built to truck ore from Toroparu to Aurora – this will cost around $11 million. There will be an expansion of the mill, and the upfront Toroparu mine development. The total capital required will be far less than a greenfield operation.
Together Toroparu and the Aurora underground can feed the mill. With the pressure off Aurora to “fill the mill”, the focus can be on grade and development. There is a chance that the Aurora mine can more quickly get back on its feet.
Matysek estimates that Toroparu could be producing through the Aurora mill within 12 months.