hi all,
I was there today. Solid meeting with the full suite of board members and directors, CEO, even the office manager!
most of the below is from KB presentation, and discussions with various co rep's afterwards;
1) MOU's well known names, very bankable.
2) cost per tonne lower than Greenbushes post tantalum credits (~$200-225 USD per t)
3) exploration target of 110-120mt "relatively shortly" via extensional and infill drilling, 8500m drilled already of 15000m program. KB very certain of hitting this.
4) DFS "during August" -- offtake(s) to be announced with / near DFS (my take is with or prior).
5) As per @fjcruiser - big Chinese bus company visited offices, looking to secure future plans and growth by ensuring health of full supply chain. No names, but they produced 22k electric buses in 2015. Pretty sure someone put a link up to an article about them recently, possibly BYD but another company comes to mind??
6) SPP capped at $15m so no room for oversubscription. About 5,000 shareholders, so max scaleback if everyone takes the minimum $5k or more will be $3,000 per holder, or nearly 8,000 shares.
7) Extension drilling at depth - none drilled yet, but nothing to suggest the resource will stop simply because previous holes have been drilled to 120 or 140m. Targeting more economical extensions at or near surface, and some extension coming with infill as they have been achieving greater strike length during infill too.
There was a lot of enthusiasm for the upcoming DFS and that it would show the real deal, as opposed to the super conservative PFS. Some mention of GXY/GMM and their US$600/t for 5.5% concentrate, which equates to ~USD$660 / t for our 6% conc.
had to take a long lunch with 2 bottles of French rose just to calm myself...
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