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The 6ix Report - Cartier Delivers Positive PEA For Chimo Mine Project Post-Tax NPV 5% Of CAD$388m And 20.8% IRR
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Kyle Stewart
Host at 6ix
Kyle got his start in the industry by starting his own podcast during the Covid pandemic, where he interviewed over 100 respected companies and leaders in the industry. With his passion and genuine curiosity for the industry, he quickly made a name for hims...
Philippe Cloutier
President & CEO at Cartier Resources
Philippe Cloutier, P.Geo holds a B.Sc. in Geology and a certificate in Human Resource Management and has over 35 years of experience in the mining exploration and development business.Mr. Cloutier has previously worked for industry leaders such as Noranda I...
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Replay transcript excerpt
[Speaker identities could not be resolved; generic labels used] [00:25] Speaker 1: Hello everyone and welcome to the 6th report. I'm here with Philippe Clochet, [00:29] Speaker 1: President and CEO of Cartier Resources, to discuss the recent press release. Now, Philippe, [00:35] Speaker 1: on April 13th, Cartier Resources announced [00:38] Speaker 1: the results from the Preliminary Economic Assessment for the Chinu Mine project. [00:42] Speaker 1: You successfully put some economics behind this project now, which opens more doors, but can I get your thoughts on the conservative [00:49] Speaker 1: and or optimistic metrics [00:52] Speaker 1: and assumptions used in the PEA? [00:57] Speaker 2: Well, yes. Well, 1st of all, we're in an established mining area, right? So We can't really expect to pull a fast 1 on the local producers or a local crowd. [01:06] Speaker 2: They would immediately spot [01:09] Speaker 2: numbers that would be [01:12] Speaker 2: out of range. [01:14] Speaker 2: We're very proud of the robust work that we've produced. [01:20] Speaker 2: Just to give you an example, we've built in [01:23] Speaker 2: up to 25% [01:25] Speaker 2: contingencies [01:26] Speaker 2: in the large cost items, such as the mill and the ore sorter and stuff. [01:31] Speaker 2: We've got [01:33] Speaker 2: built-in wiggle room. Because of [01:35] Speaker 2: the geological characteristics of the mineralization [01:39] Speaker 2: and of the project, [01:44] Speaker 2: we essentially went for the must-have, trying to eliminate the redundancies. [01:49] Speaker 2: So we believe that, you know, once you're underground and operating this thing, [01:54] Speaker 2: you will be able to seize opportunities [01:56] Speaker 2: and mine [01:57] Speaker 2: a lot of the ounces that [01:59]...