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99.95% High Purity Manganese, page-613

  1. 54 Posts.
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    The company has stated they are preparing a Feasibility Study (FS) on the HPMSM business which I take to mean a pre-feasibility study.
    Which is less exact and not as precise as a DFS (definitive) has to be.
    So they could make more liberal assumptions in a PFS - that a plant will cost $200m for example, regardless of where it is built.
    Or it will cost in between a range of $180m to $220m for example.
    And plug these numbers into their model to estimate total CAPEX needed and then extract IRR and $NPV numbers from that.

    Then they proceed to a more accurate/accountable DFS once they have selected what site they plan to build at.
    This would happen over the coming year I suppose.

    Would welcome other views on this.
 
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