RE:RE:RE:RE:RE:RE:Geologist discussing drill resultsThose are good points. I noticed the huge capex for Jose but I was unsure how it will compare with Santo Tomas. Strip ratio in Jose is 0.98 over 19 years, which I think is pretty good. Thornton's historical data for ST shows the strip ratio at 1.9 in the NZ. We expect it will be much better eventually, but is it going to significantly beat 0.98?
Jose requires a 28 km long water supply line and a 252 km long 220 kV transmission line. Thornton is not very detailed about that for ST, although they do point out the power generating dam 20 km away.
After-tax NPV is $1.53B which is very respectable. I think NPV already accounts for all costs including the capex, but I understand the higher the capex the more risk is involved which affects the desirability of the project.