Looking forward to updated CAPEX / OPEX numbers With the recent deep dive in both natural gas prices and potash prices, it will be very interesting to see how it offsets the Tugaske projects OPEX calculations.
Has to be tough for potash number crunchers to try to pin the proverbial tail on a moving target in such a chaotic market.
"Gensource continues to progress its short-term financing, which the Company anticipates will advance the near-complete bridge engineering work for the Tugaske Project. Key deliverables for the bridge engineering, anticipated to be completed in early 2023 include:
- Confirm and update the AACE Level 3 capital cost estimate (first completed in October 2021). For those interested in the depth of detail involved in this work, see https://library.aacei.org//pgd01/pgd01.shtml;
- Confirm and update operating cost estimates;
- Pursue exciting new CAPEX and OPEX reduction opportunities; and
- Bring key procurement contracts for the Tugaske Project to a ready-to-sign status"