Hi Loop,
What are your thoughts on the refinery in terms of production. I have the following (rough) figures. My assumption is for the refinery to be profitable it will require at least (min) 70% of the nameplate capacity to be produced each year. (80% or more is a safer position)
Anyway based on my below figures it highlights a few key themes. Firstly Neometals strategy to source additional Lithium is a sound one (Mt Edwards, Hannans) and secondly with their minimum off-take agreement it may not be enough to achieve the 70% production from the refinery against their target capacity of 10,000t's.
Do you know if they (NMT) have rights to purchase more than the minimum off-take, or what conditions were placed in the contract?
Based on my rudimentary figures they will be short somewhere b/w 15-25 wmt required to achieve their full production of 10kt for the refinery based on my figures below.
Your thoughts would be appreciated.
Column 1 Column 2 Column 3 0 Nameplat refinery capacity 10,000.00 Capcity of refinery output per year 1 WMT required for each T 7 7 wmt required for each 1t of refinery output 2 Total annual wmt required 70,000.00 Total wmt input required by Neometals for the refinery to operate at maximum nameplate capacity 3 4 Last Q wmt 95000 Last reported Q in qrtly activity report 5 Full scale wmt Q 109,250.00 Assumes 15% increase on last Q reported 6 (A) Per year (based on last reported q) 380,000.00 Last Q wmt * 4 7 (B) Per year (based on assumed full scale) 437,000.00 Assumed Full scale Q * 4 (assumes 15% increase over last reported q) 8 9 NMT min share 12.37% offtake min option of 12.37% 10 (A) Per year wmt (based on last reported) 47,006.00 11 (B) Per year wmt (based on assumed full scale) 54,056.90 12 13 Planned refinery output (A) 6,715.14 (NMT share / 7) 14 Planned refinery output (B) 7,722.41 (NMT share / 7) 15 16 Name plate capacity 10,000.00 17 Percentage of name plate achieved (A) 67% 67% refinery output against nameplate capacity 18 Percentage of name plate achieved (B) 77% 77% refinery output against nameplate capacity 19 20 Total refinery output short (A) 3,284.86 21 Total refinery output short (A) 2,277.59 22 23 Addition wmt feed required (A) 22,994.00 (short position x 7 wmt) 24 Addition wmt feed required (B) 15,943.10 (short position x 7 wmt) 25 26 Assumed profitability point of refinery @ ~ 70% of name plate 27 28 (A) = reported on last quarterly acticity report from MM wmt output (more specifically tonnes shipped from mine) 29 (B) = Is an assumed wmt quarterly output (assumes 15% increase on last reported Q)
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