RE: Looking....8 Mar 2018 08:12
part 2.
Proses proposes it will design and construct a SISP (circa. 100,000-300,000 tonnes feed per year) either in Turkey or in Iran subject to securing the necessary funding. Zinc oxide projects, especially in the Hakkari and Kayseri regions of Turkey and in Iran, are a particular focus but copper projects are also of interest. Any such SISP would be built and operated with material input from Alexander and would be an excellent demonstration of the commercial value of MetaLeach Technology.
Proses has advised that it will investigate a possible SISP at the world class Mehdiabad zinc (lead and silver) project in Iran where it has a role in development planning. Mehdiabad, is a mixed oxide/sulphide deposit (split circa 40%/60% respectively), with some sulphide sections containing zinc carbonates in the host. It is potentially one of the world's largest zinc mines, which the state-owned Iranian Mines and Mining Industries Development and Renovation Organisation (IMIDRO) expects to go on stream in the next four years.
In March 2017 IMIDRO said it had signed a deal with a consortium of six private companies, led by Iran's Mobin Mining and Construction Company for the project's development. Mehdiabad has 154Mt of proven reserves, according to IMIDRO, with an exploration target of 700Mt.
In summary, that plant will be processing and recovering some 100k tonnes of zinc worth $3500 per tonne today worth $350 million and rising . you can work out our annual share from there worth around 10.5 million USD annually for us. that should generate a value of 100 million plus worth about 50 times from here. That is only the beginning. All comments are welcome.