Not sure about the high capex you refering to however with the size of the resource and quality, the capex look very reasonable compare to many mines that require more than US $1B
" The Vancouver-based miner noted the PEA incorporates a staged development strategy, with Stage 1 requiring an estimated initial net capital expenditure (capex) of C$640 million (around $470m).This first phase lays the groundwork for production, followed by a Stage 2 expansion aimed at doubling output to 800,000 tonnes of spodumene concentrate per year. The estimated net capex for the Stage 2 expansion is C$408 million ($300m). "
PMT Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
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