GME 5.00% 6.3¢ gme resources limited

PFS Expectations, page-2

  1. 632 Posts.
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    I do hope they stick to their stated release of the PFS this month - just two working days to go! I too am hopeful for a few reasons;
    The low capex (albeit higher opex) for heap leach treatment should give a decent NPV and IRR. An IRR in the mid 20's will set it above the DFS IRR's recently released for ARL and CLQ in the high teens. The simplicity of processing may also allow GME (funding permitting) to fast track to production (first a DFS) past the big boys with their more complex HPAL operations?
    I believe GME have been very diligent in their optimisation of the extraction process and certainty around the end to end process from in-ground to product
    They may also be able to add some Scandium into the mix and optimise their mine design which is very NI optimal at present and less so for the Co by-product.

    All going well, I will continue to buy post PFS. If not, have a small stake in ARL as the best of the big boys and will redirect by GME stake in that direction.
 
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