Capex does seem a bit high for what is essentially a sand pit filtration system. JandJ was on the money with his guesstimate though.
From the study:
'The scoping study demonstrates strong financial returns and sustained high-margin cash flows based onphase 1 targets of 20.8 megatonnes per annum (Mt/a) mined ore. The phase 1 approach is based on athree to four-year plan mining from the current MRE (71Mt) of 60-65 megatonnes. The currentExploration Target is anticipated to extend the LOM to over 100 years.'
Capex does seem a bit high for what is essentially a sand pit...
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