EDITOR: | August 27th, 2015 | 1 Comment

Alkane Resources Limited: DZP – FEED completion highlights robust project economics

| August 27, 2015 | 1 Comment
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Raj Shah

Editor:

Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>


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Comments

  • Positroll

    Well, there is lots of positive things in there I really like, but one thing I don’t really get: With all the improvements, why the hell could capex go up from 800 mio + 160 mio contingency to 1,2 billion + 100 mio contingency??? That’s a freaking 50% increase for the base price !!!
    While the project is still extremely solid financially, some critical questions there would be appreciated (looking at you, Tracy). Yes, we added the FeNi and the Hf plants, but that’s less than 100 mio. Where the hell do the other 300 mio come from? That can’t be all effects of the weaker AU$ … I mean, improving recoveries by 11% and reducing water use by 50 % is nice and all, but is it worth the increased capex ? (Maybe they were spooked by the drought at Tomingley?)
    Oh well, capex will still be paid back within less than 4 years, with a further minelife of maybe a hundred years, so if Fidelity, ShinEtsu and Gandel know what they are doing, financing shouldn’t be a problem …

    August 27, 2015 - 9:48 AM

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