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28,706 Posts.
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07/09/14
06:25
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the ELM deposit is certainly economically viable since it has $80/t opex verses $350+/t potash price, more like $400/t if sold to Brazil
$350/t revenue minus $80/t opex = economically viable = $291M cash per annum or 6.3 year pay back for a mine that has decades of mine life
$400/t revenue minus $80/t opex = economically viable = $375M cash per annum or 5 year pay back for a mine that has decades of mine life
thus the project is not uneconomic
to issue with the project is whether anyone wants to step up & funded it, due to a well-supplied potash market
Last edited by
ddzx:
07/09/14
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