RE:RE:RE:Swiss Capital presentation. Value Proposition Stratochief,
Calibre is already budgetting US$100/bbl oil price average so the transportation costs are more or less baked into 2022 AISC already. Still alot cheaper to transport ore 400km than to putting $150 million towards a new mill for the next hub at Eastern Borosi Project ....... and when EBP does commence mining within the next 12 months ... watch the headgrade improvement at La Libertad.
Like you say, let's see how it goes. I doubt oil prices will remain above $100 / bbl for more than a couple more months, expecting to see WTI drop to the US$80 - $90/bbl range by June.
Stratocheif wrote: They truck the ore all across Nicaragua to get to the mill. That's gonna be a hindrance to reducing costs...a lot of fuel being burned there for sure. As he mentioned in the video, inflation of costs are an issue. Let's see how it goes
Speaking of Eastern Borosi .... wondering what happened to the JV with Rio Tinto. Haven't heard anything about drill results from mid 2021 exploration drilling campaign.
GLTA!