Things progressing along nicely here...............
"The base case of the PFS has been increased from 1.5 to 2 million tonnes a year shallow open pit mining and flotation operation producing around 120,000 tonnes of high‐grade concentrate for export to customers in China via the recently upgraded Benguela rail line and the Atlantic port at Lobito".
"Hong Kong based commodity marketing consultants Conrad Partners has advised that the Company can expect to receive concentrate sale prices in excess of US$2,000 per tonne CIF China (based on the current US$45,000 per tonne NdPr oxide price)".
"The Company is targeting a capital cost in the order of US$100 million. The Project benefits from the lack of a mining pre‐strip, a low strip ratio, a conventional flotation process plant, an adjacent water borefield, a nearby low cost hydro‐electric power supply, available labour and in particular excellent transport infrastructure".
PM8 Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
