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Geomega Resources Inc V.GMA

Alternate Symbol(s):  GOMRF

Geomega Resources Inc. is a mineral exploration and evaluation company focused on the discovery and sustainable development of economic deposits of metals in Quebec. The Company is a developer of clean technologies for the mining, refining, and recycling of rare earths and other critical materials. Through its wholly owned subsidiary Innord Inc. (Innord), the Company is developing innovative technologies for extraction and separation of rare earth elements and other critical and strategic metals from its mining properties and other mining and industrial waste in an environmentally sustainable way. With a focus on renewable energies, vehicle electrification, automation and reduction in energy usage, rare earth magnets or neo-magnets (NdFeB) are at the center of all these technologies. The two most advanced projects for the Company are the rare earth magnet recycling and bauxite residue processing and vaporization. It also owns the Montviel rare earth carbonatite deposit.


TSXV:GMA - Post by User

Bullboard Posts
Post by Mouloukon Mar 24, 2016 3:41pm
185 Views
Post# 24698871

Costs leading to F/S

Costs leading to F/S3 analysts reports can be consulted on Avalon website. The most recent one is the one from Secutor Capital Management. This report highlight cost incurred by Avalon to complete the steps leading to a feasibility study. These costs, along with the CAPEX could maybe explain why the REE project of Avalon was apparently put on the sideline while waiting for a recovery in the REE sector: "April 2013 Feasibility Study Avalon has invested over $100 million to date in taking the project through completion of a feasibility study released in April 2013. In the study, sales of five critical REEs (neodymium, europium, terbium, dysprosium and yttrium) account for over 82% of revenues, with the lower value LREES lanthanum and cerium representing less than 4.5% of total revenues. Initial capital expenditures are estimated at $1.5 billion. At the then elevated REE prices, the project was estimated to generate a net present value discounted at 10% of $900 million and an internal rate of return of 19.6%, both on an after-tax basis." Moulouk
Bullboard Posts