RE:SurprisingChiliWillie wrote: Surprising that the market is oblivious to what a game changer this is for SCY. The fact that they prepared a news release at all tells me that this is significant.
It is and it isnt. For SCY shareholders its a big deal; a favorable update. For the market its a relatively small project ($2.7M) that has yet to be finalized. In this sense it is still very early.
Once the Final Investment Decision (FID) is made in early 2022 maybe then or a bit before...
For perspective, going back to the investor presentation (P.7 and p. 9) the annual estimated revenue are large (80M CMR, 60M HPA) but so are the capital cost (100M and 70M).
Phoenix Mine advantages from a CMR project that now includes HPA will remain in place, including improved mine valuations, reserve life extensions, cleaner tailings, and potentially lower reclamation expenses. Inclusion of HPA increases efficiency but $2.7M is still a long way away to $100M capital cost.
https://scandiummining.com/site/assets/files/3480/corporate_investor_presentation-_aug_24-_2021__final.pdf