There’s no question that the opex numbers of ELM look attractive, however in that table there is no talk of more importantly capex or NPV numbers? Highfield do not need to rely on someone taking them out to fund the project development, that is the difference.
What is the NPV/Capex multiple of Elemental if HFR is more than 3.4x? (i.e. $307m for $1.05b)?
Also, that PFS was completed in September 2012… would those numbers still be accurate?
There’s no question that the opex numbers of ELM look...
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