RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Selby interviewEndZonefor7 wrote: I swore I read that FPX is in the middle of nowhere with astronomical start up costs which usually add minimal $1 billion plus before you start to consider mine building costs. Much bigger problem than serpentine versus brucite concerns.
FPX's PEA has 1.67B USD in startup costs, total. Post tax NPV of 1.72B USD, with a post-tax IRR of 18.3% and a post-tax payback period of 4.0 years, assuming a nickel price of 7.75/lb. AISC of 3.12/lb. This doesn't account for the iron ore byproduct (which they are doing metallurgical studies to quantify as we speak) or the potential double-up from Van (drills will be turning this month).
If Selby can beat these numbers, I will eat my hat. The brucite is just icing on the cake.