RE:Metalex v. imperial MiningIsn't this company also broke?
Railroad access is key to mtx claim. Which is looking so good. They just need to get this drilled.
Oregonduck wrote: According to Imperial Mining’s (IPG) News Release on its Scandium project , it's PEA, gross revenues projected are CA$15.2 billion with gross earnings about 50% at CA$6.25 billion. The NPV is just under CA$3 billion at a 10% discount rate.The initial CAPEX is projected at CA$870.9 million. iPG is selling around $0.07.
IPG's scandium project is located near the remote Crater Lake, Quebec. Access is by winter road and Capex or Capital Costs are estimated around Cad$870 million. Those are major road blocks. Financing will be difficult.
On the other hand, MTX is adjacent to a highway and 520 km by road to Rio Tinto's plant, Rio Tinto is processing its Iiimento ores from its Allard Lake, Que. shipping them by rail and down 700 km by barge on the St Lawrence River.
Capex for MTX is minimal for its open mine operation. The math just works with Rio Tinto's synergy.
There is a reason IPG stock didn't react to the above news.
Don't forget MTX is targeting visible gold found on the same Que claims.