GGG 2.38% 10.3¢ greenland minerals limited

guess the capex

  1. 2,026 Posts.
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    Let's keep ourselves entertained until the much anticipated PFS is released.

    It's planned for this year isn't it?

    LYC has costed remaining work on their 20kt production facilities (RE isolation and mixed carbonate production and the RE separation and chemical production facilities) at in the ball park of $450 million.

    This is 20kt from the processing of their ballpark 10% ore i.e. for the sake of simplicity lets assume unrealistic 100% perfect RE recovery, means the facilities will take 200kt of feed.

    In ARU's latest presentations they have ball-park $420 million for their separation, isolation, purification and chemical facilities.

    This is 20kt from the processing of their ballpark 3% ore i.e. for the sake of simplicity lets assume unrealistic 100% perfect RE recovery, means the facilities will take 600kt of feed (benefication HMS plant to reject half waste to give 6% RE feed).

    Latest murmurings from GGG is that they are aiming for 50kt of REE, from their ballpark 1% ore. i.e. for the sake of simplicity lets assume unrealistic 100% perfect RE recovery, means the facilities will take 5000kt of feed. So about 9 times larger than ARU and 25 times larger than LYC.

    What does it cost to build one of these things in Greenland?

    Extrapolating from ARU & LYC's figures, throwing in some scale of economies, adding some unique environment and isolation costs what does one get for a CapEx?

    My guess is at least a $1.2 billion. Their front-end would have to be absolutely massive to handle the 5mill tonnes of feed and their back-end and chemical facilities has to be at least 2.5 times the size of ARU/LYC.

    Any other guesses, thoughts, criticisms?

    Please use sentences, adult words and your inside voices.

    choice
 
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