Yes, I think those Sulphate prices vary quite a bit depending on purity and which site you get your price from. It’s hard to nail down a price and the Company itself has used the price of the metal content
only in its PFS. There is a note under the base case NPV table which states that Sulphate prices attract a premium:
View attachment 1022365
I normally assume a 10% premium, but if the Company is using the underlying metal price for its calculations I think it’s probably a good idea to stick to that, confident in the knowledge that we will be getting an even better price for our product. Nevertheless, it’s best to be conservative with these forward looking statements imo.
As good as they are, the numbers continue to improve with LME Cobalt now breaking US$90k a ton. $90,500 to be exact.
