What stuck with me was that they would pay thr $509 million initial cost back in 3.3 yrs. With a 19 year mine life that means 16 years (so far...they are still drilling) of profit of over $150 million per year. I think they are going to catch the attention of a few analysts and maybe a few majors. The other big thing I see is No cyanide! I think permitting will be a breeze, especially since EGU just got a key permit.
The lack of legacy mining issues and sensitive archaeological sites, the use of a flotation process for Au-Cu recovery, which does not require the use of cyanide, and strong community-based stakeholder relations have provided Carpathian with good support from the local communities