2407: Blencowe boosts Orom-Cross with updated DFS
About this episode
Mike Ralston discusses the updated definitive feasibility study for Blencowe Resources' Orom-Cross graphite project in Uganda.
Watch on YouTube Blencowe Resources has released an updated definitive feasibility study for its Orom-Cross graphite project in Uganda. The new study has boosted net present value by 15% to US$1.24 billion, and increased the projected cashflow over the life of the mine by 100% to over US$4 billion. These are big numbers, especially considering that the capex number remains the same. Meanwhile, the company is continuing funding talks with renewed confidence. Mike Ralston, Blencowe's chief executive tells Vox all about it
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