Is the ratio of 22:1 then still possible for a mine construction or is it a K. O criterion. A question about ESS is it economically correct, if the NPV and the capital costs are almost the same, will the mine still be built, as there is little to no profit.The costs are very high for a small quantity of 8.8 MT and only 7 years mine life.Why doesn't ESS and GL1 build a joint plant, then the costs would be better distributed for both.Here are the data from ESS
Ess has also just published a study
Pre-production capital cost ~$293M including $36M contingency
A range between $275M to $458M with a Base Case of $367M (range based on +/-25% of the Base Case NPV
US$1,500/t FOB Esperance Port (WA)
Average LOM strip ratio 13.3:1
Pre-production CAPEX (incl. 15% contingency) $293M
Payback Period ~1.7 Years
Is the ratio of 22:1 then still possible for a mine construction...
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