James Marsh of Andromeda Metals Ltd (ASX: ADN) is leading investors through a definitive feasibility study for the Great White Kaolin project in South Australia. The reference case study envisions a multi-stage approach to commissioning the kaolin deposit over a 28-year lifespan. Financially, the study describes a pre-tax net present value of $613 million, an internal rate of return of 36% and a payback period of six years. Although Great White will start making a profit in its second year, the plan is to reinvest the profits into expanding and improving the kaolin plant. Great White will need around $90 million to enter service, and Andromeda is here to make that dream a reality as it strives to gain environmental approval before the end of the year.

Add related topics to MyProactive

Create your account: subscribe and get ahead of news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that nothing posted on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction or investment strategy is…

In exchange for the publishing services rendered by the Company on behalf of Andromeda Metals Ltd named herein, including the Company’s promotion of Andromeda Metals Ltd in any Site Content, the Company…

FOR OUR FULL DISCLAIMER, CLICK HERE


Source link

Previous

Ask Doug & Polly: How to Start a Small Business Business Plan | Local business news

Next

The ESG Report - Episode 039 - DEI's Business Case with Kuma Roberts | Thomas Fox - Compliance Evangelist

Check Also