GEN 4.76% 10.0¢ genmin limited

IPO - Genmin Limited - 10 March 2021 #, page-30

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    Hi sam0408,

    Ah yes I'm familiar with EQX too. That could be a good starting point for comparison.

    The part we might need some guidance with is the different ore types / flow sheets required, to see whether EQX mining costs can be applied as a ballaprk figure to what GEN's might look like.

    The EQX deposit was hematite from memory, whereas I think GEN's is magnetite per pg 25 of the Prospectus. If that's all correct (which others might be able to help check), I think GEN's processing costs might be higher than what EQX was projecting?

    EQX flow sheet can be seen in the link you provided, and the testing recovery methods for GEN's deposits are on pg 25 of the prospectus. Sharper metallurgical minds than me could offer some more commentary.

    Cheers!
 
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