Down on The Farm26 Feb 2025 14:23
Might be the most useful post I have every put up...cant get any size in GROC, I Wonder!!!!!!!!!!!!!
GreenRoc Mining Plc (AIM: GROC), a company focused on the development of critical minerals projects in Greenland, is pleased to announce the extremely positive results of the Preliminary Economic Assessment ("PEA") of its 100% owned Amitsoq Graphite Project in southern Greenland ("Amitsoq") (Figure 1). The PEA was completed to internationally recognised NI 43-101 standards by SLR Consulting Ltd ("SLR"), an independent UK consulting firm with considerable global expertise in the field of mining and mineral processing, including in Greenland.
Highlights
· Pre-Tax Net Present Value at 8% discount rate (NPV8) of US$235M with Internal Rate of Return (IRR) of 31.1%.
· After-tax NPV8 of US$179M with IRR of 26.7%.
· Life of mine (LOM) is 22 years with potential to extend through resource expansion.
· 4-year payback period on capital from start of production.
· Average Net Revenue of US$89.8M per year throughout the 22-year LOM.
· Total gross revenue of US$2.1Bn over a 22-year LOM, with total undiscounted net pre-tax cash flow totalling US$794.7?M.
· Initial capital cost (Capex) of US$131M inclusive of 25% contingency.
Average operating cost (Opex) of US$121 per tonne of milled ore.
Average annual production of 77,000t of concentrate at a minimum 94% grad
That and the three thousand coins!!!
F and B ,,,x