First Scandium mine in NSW given approval, page-5

FEASIBILITY STUDY HIGHLIGHTS:Capital cost estimate for the Project is US$87.1 million,Operating cost estimate for the Project is US$557/kg scandium oxide,Oxide product volume averages 37,690 kg per year, over 20 years,Project Constant Dollar NPV10% is US$177 million, (NPV8% is US$225 million),Project Constant Dollar IRR is 33.1%,Oxide product grades of 98-99.9%, as based on customer requirements,Project resource increases by 40% to 16.9 million tonnes, grading 235ppm Sc, at a 100ppm cut-off in the measured and indicated categories, andProject Reserve totalling 1.43 million tonnes, grading 409ppm Sc was established on part of the resource.

Which is wnhy I'ven been concenrned
with CLQ building the larger mine at vastly higher capital costs.
87mUSD easier to find than 680mUSD.....plus faster to build givng them a head start.....imo.