GEN 0.00% 12.5¢ genmin limited

IPO - Genmin Limited - 10 March 2021 #, page-40

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    Hi sam0408,

    From the reading I've done, it might not take a lot to extract and treat the detrital resource to get to a 60%+ Fe final product.

    I don't have enough knowledge in the ore processing area to estimate what a 5mtpa plant might cost if only washing, screening & HLS/DMS is required. The finished product would be lump & fines though, so plant CAPEX would be a lot less than the CAPEX for a concentrate end product like Kogi.

    $140m still seems very low though. The assumption must at least be that Rail & Port CAPEX are being picked up by other parties.

    Cheers!
    Last edited by squidd: 31/03/21
 
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