Emmerson PLC's Hayden Locke welcomes 'exceptional' feasibility study on Khemisset potash project

Emmerson PLC's (LON:EML) CEO Hayden Locke runs through the key numbers of its just-released feasibility study on the Khemisset potash project in Morocco. He says it confirms the findings from the scoping study which showed it has the potential to be a world class, low capital cost, high margin potash mine. The study reveals a post tax NPV of US$1.4bn and an IRR of 38.5% over an initial 19 year mine life. The pre-production capital cost comes in at US$387mln which represents a reduction of US$19mln from the scoping study.