"I found some figures of a scoping study ASX explorer Robust Resources made in 2014 for a manganese project in Indonesia.
Distance to port and Mn-grades are similar.
8-10 m U$ capex for a 200 ktpa-plant and 42-50 US$ operating costs per tonne looks great.
A big chunk of opex were shipping costs. Well, the shipping container costs are still on the same level as in 2014.
The company/project was sold to an Hong-Kong investor and Indonesian conglomerate some months later, i have no clue what happened with the project afterwards.
If we have a similar cost structure EPM could be a huge Cash Cow."
EPM Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held
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