Hi squidd, yes it's a very low capex, not sure how they would do this for a 5 mtpa operation.
Kogi Iron put out a 5mtpa PFS in 2014 (Nigeria) for a low 56% Fe concentrate product. Capex US$497 M although they were going to send it down a slurry pipeline then down river by barge, so a fair bit of capital costs involved here that would not apply to Genmin's operation.
See PFS below:
https://www.kogiiron.com/sites/default/files/asx-announcements/6665267.pdf
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Hi squidd, yes it's a very low capex, not sure how they would do...
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