30th Sep 2021 06:54
Blencowe Resources PLC - miner focused on developing the Orom-Cross graphite project in Uganda - Internal preliminary economic assessment for Orom-Cross shows potential for a long-life, "highly profitable" mine, Blencowe says. Net present value of the project is USD317 million. For an initial capital cost of USD80 million, Orom-Cross will generate an average of USD40 million per year in earnings before interest, tax, depreciation and amortisation. Blencowe will now start a pre-feasibility study using an independent consultant, and look for potential off-take partners.
Current stock price: 6.05 pence
Year-to-date change: down 21%
By Ivan Edwards; [email protected]
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