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NOVX21 Inc PORMF

NOVX21 Inc operates an industrial prototype plant for the recovery of platinum group elements. It is engaged in developing a new patented chlorination technology to quickly and ecologically recover precious metals from recycled materials.


GREY:PORMF - Post by User

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Comment by pgminvestoron Sep 20, 2014 6:47pm
127 Views
Post# 22955818

RE:RE:Less than $10 million

RE:RE:Less than $10 millionThe numbers (cost and profit) used have a back bone, the 50 tpy trial plant. 

The analysis and design of the proposed plant made by Seneca was based on two years of data accumulated from the operation of the 50 ton per year reactor at Pro-Or’s St-Augustin plant in Quebec. Seneca also relied on the mass balance data verified by the independent laboratory, CIR, in April 2012.

The benefit of the study by Seneca is that it gives us a significant increase in the accuracy of our operating and capital cost estimates. On the Opex side, the estimate of $13.48 per kg is 34% less than the current Opex of $18 per kg and also reflects the saving from higher automation and gains on large volume purchases of reagents”, he added.
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