5 to 7.5 tpa scandium from Phoenix CMROn slide 7 we learn that the total revenue from Phoenix CMR is USD 80M
- Nickel and cobalt are primary targets – +50% total revenue.
- Scandium and zinc outputs represent remainder.
So scandium and zinc also represent 40M together, maybe a bit less. Let’s assume 25-30M comes from zinc. That leaves us with 10-15M from scandium.
10-15M divided by 2,000 p/kg = 5.0-7.5 tpa
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Also on slide 7: Capital costs are SCY estimates, figures shown for entire project, partner’s individual shares not disclosed.
I find this remark extremely interesting. We could assume 50:50 split of everything, but I don’t think this is the case. Here’s why:
From a copper industry standpoint, this CMR process can effectively increase mine valuations, can effectively extend mine/reserve life at current production rates, and will result in cleaner tailings, potentially lower ongoing environmental management costs, and lower final reclamation expense.
All the benefits go directly to Barrick. How much could this be worth in total? USD 50-250M?
I think SCY gets the lion's share of the projected revenue and EBITDA!!!!!
I want more CMR projects ;-)