Itafos didn't build any processing plant at all. They never even bothered to do a feasibility study. The PEA recommended they do a feasibility study and had a rough cost estimate for doing the study. Just over $US5.8M as the cost of doing a PFS. (pg 101 PEA).
No-one builds a processing plant before a feasibility unless they are rogues and idiots like Cudeco management. Itafos are not in that category.
The expected capital cost was over $US620m to get up to processing 240kt/a (pg 15 PEA), back in 2013. Likely much higher now, to collect all minerals like the PEA was trying to do. 41% Niobium recovery in mets from PEA (pg 55), not very flash either.
Itafos didn't build any processing plant at all. They never even...
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