Redneck, Rock Star...CAP outside of legal is completely unviable with the numbers they publish. 10mtpa magnetite concentrate production with a DTR of 14.7% for a project capex (no working capital) of $1.4M would not even build the 70mtpa concentrator they need.....maybe the foundations
Ann: SCN: Fenix Iron Ore JV Update - Pharos, page-39
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