GREY:DULMF - Post by User
Comment by
rationalinveston May 15, 2014 12:12pm
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Post# 22565435
RE:Morels Twin Metals April 23 Presentation
RE:Morels Twin Metals April 23 PresentationEarlier (end of March) there were some news articles als seeping informatio on the mine site, locations, etc..
McFarlin, VP public affairs at Twin Metals, indicated a capex at around $ 2.5bn. I have incorporated this as a capex estimate in my model. My main question would be whether this would be for a 80 ktpd operation. This seems most likely as a 40 ktpd operation would not make a lot of sense with this mine setup.
Article:
"The company has already put about $250 million into the project and could provide a total $2.5 billion capital investment, McFarlin said."
https://www.virginiamn.com/news/local/twin-metals-hones-in-on-sites/article_658aacf4-b7ae-11e3-9d6c-0019bb2963f4.html