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Jervois Global Ord Shs V.JRV

Alternate Symbol(s):  JRVMF

Jervois Global Limited is an Australia-based supplier of cobalt and nickel, serving both the battery and chemicals markets. The Company's segments include Australia, Brazil, Finland, United States and Other. The Australia segment includes Nico Young and other Australian tenement licenses held. The Brazil segment includes the Sao Miguel Paulista nickel and cobalt refinery (SMP Refinery). The Finland segment includes the cobalt refining and specialty products business located in Kokkola, Finland. Its product categories include chemical and catalysts, pigments, powder metallurgy and battery. The United States segment includes the Idaho Cobalt Operations (ICO) cobalt-copper-gold mine in Lemhi County outside of the town of Salmon, Idaho. The Other segment consists of non-core exploration not related to Australia and the United States. The Company's non-core assets are located in Canada (Virgin River project and Kernahan/Bell project) and Australia (Arunta West project).


TSXV:JRV - Post by User

Post by learning123456on May 10, 2023 11:19pm
234 Views
Post# 35442343

predications

predicationsThey over spent by $55M and still not complete  That is over 50% of the original estimate.

"Final forecast project cost (including demobilisation) US$155M"

"Jervois expects to commence commissioning the plant at ICO in September 2022 with first ore through the mill in October 2022 and sustainable, full rate ore processing now forecast by February 2023. 2 With detailed engineering, procurement and commitments all over 90% complete, final forecast capital expenditure to bring ICO into production has been revised to US$107.5 million (from US$99.1 million), an increase of ~7.5%. Project construction has experienced cost pressures due to the significant United States inflationary environment, which has been compounded in recent months due to contractor shortages, continued delays in the operability of an accommodation camp at site, and poor weather conditions across May and June. Due primarily to weather related delays affecting site installation, the accommodation camp will now only be operable in August."
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