Focus Ventures (FCV.V) has announced an update on its Bayovar 12 phosphate project in Peru, where it’s currently completing a pre-feasibility study which should be ready by the end of this year. There currently are two scenario’s on the table with a base case scenario producing direct application phosphate rock at an average grade of 226% P2O5 with a four-stage process, but there also is an alternative scenario being worked out to produce phosphate at an average grade of 28% P2O5. We hope the company will chose for the option with the best risk/reward ratio if the IRR on the addition of a hydro-sizer and attrition cells isn’t sufficiently high.
We are currently waiting to get some more data, but will release an update report shortly with some of our back of the envelope calculations for the Bayovar 12 project to give you an idea of what to expect before the official report will be released.
> Click here to go to Focus’ website
Disclosure: The author holds a long position in Focus Ventures. Focus is a sponsor of the website. Please see our disclaimer for current positions.
