RE: EBITDA…Final scoping study needs to demonstrate / confirm this project has enough ore to mine for a ~20 year span. (Which I think, if I remember correctly, during Turvey’s tenure, had a study done that calculated that length of time + amount of ore in ground.)
RE: half capex…Would be determined by cost-saving design of facility buildout, method(s) of mining operation(s) & refinement, method of transportation of ore; ore can be transported and paid for by third parties and/or ore buyers. And design of energy generation and output (towards reusable means). Board could also negotiate beneficial tax incentives with Kogi State government.
Board could also work out a deal with a big time company (Vale for ex.) for a ‘first-in-line’ opportunity to buyout Kogi…for a startup funding package to help Kogi with start up operations.
…all depends on final scoping study, and salesmanship.
