GEN 4.17% 12.5¢ genmin limited

Ann: Drilling commenced at Baniaka, page-7

  1. 2,181 Posts.
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    I found a GENMIN Paydirt Magazine article from August 2019 (page 102 - 103)

    https://anyflip.com/tcch/nbpk/basic/101-124

    Article includes this:

    Azure Capital also recently put forward a conceptual financial development model for Greater Baniaka, indicating $US122 million would be required for an initial 5mtpa operation. A further spend of US$141 million during the third year of production would double capacity to 10mtpa.
    Assuming an iron ore price of $US94/t, Greater Baniaka is set to produce 61.3 million dmt at an average of US$43.1/t FOB over an initial eight-year mine life.

    It seems this is what Fosters obtained their numbers from for their initial coverage of GEN.

    http://www.fostock.com.au/wp-content/uploads/2021/03/GEN-210324..pdf




 
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