Capex. $76 mil for the mine and $124 mil for an initial USPG plant, likely building the more expensive CSPG plant later down the track when cashflow is on. 30% contingency applied to the estimated capex pricing. Seems reasonable. Decent initial indicated mine life.
Battery metals obviously in a rut for the time being, but on the time frame that this project may be producing (late CY 2025 to 2026), its should be in a good position to hopefully gain some offtake agreements to help fund.
IG6 Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
