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Pastimes : Zenyatta Free Speech Board -- Ignore unavailable to you. Want to Upgrade?

To: Shoto who wrote (22256)	5/29/2018 9:19:22 AM
From: stuffbug	Respond to of 22811

But a large percentage of that $291 million is sustaining capital. Closure costs were probably estimated at approx $30 million (may be stated somewhere in the PEA). Sustaining CAPEX comes out of annual cash flows, as projected in the spreadsheet. Unless the metallurgy improves, I suspect the PFS will eliminate the 2nd pipe and attempt to model a profitable single pit mine. Especially if graphene production is the main source of revenue. However I doubt Zenyatta will produce a PFS before 2020, even though Francis has picked up on Aubrey's extremely optimistic outlook, suggesting that they could be mining in about 3 years if everything goes according to plan. It was always 3 years from the current date. Of course those initial 3 years have come and gone and there is no PFS, no money and the environmental studies haven't even started. A far more accurate projection of graphite production is 5 years from the commencement of the environmental studies. Which means that Zenyatta has been stalled at 5 years since 2015.