Just watched the interview with Savich. Here are the pertinent points/notes:
- AMN DFS was AUD 1 Billion, done when the SOP prices were around AUD500/ton. They are now aover AUD1000/ton, which would mean a lot higher post tax NPV(8).
- Current CAPEX sits at around AUD640, but in reality could be 700-800 million all up by the time additional infrastructure is added. Looking to finance this in a 60-65% debt and remainder equity.Looking to bring in a partner to limit dilution. Shareholders need to get maximum exposure to the value we bring in to this asset.
- Having the 70% of our 450ktpa production, locked in as binding offtakes have put us in a really good position to pursue financing.
- Agrimin controls the whole mine-to-ship product movement and this gives us total control over the entire logistics chain.
- Regarding production, late 2024/early 2025 for first revenues.
- We already have 70% binding as offtakes, the reminder 30% will be for the APAC region - Australia will be our most profitable market as we don't have to ship it anywhere!, remembering offcourse that the total Australian consumption of SOP is only 50ktpa.
I've taken a close look at RWD after reading what @sevo posted. The only thing I can think off, is public perception that's preventing the share price from rising. From a technical standpoint, RWD seems just as technically advanced as AMN.
The ONLY thing I can think off that's potentially spooking investors is the new process flow that does away with the flotation sub-process and in its place uses something called 'back-mix' which according to RWD, is a superior process.
I'm wondering if this is a case of the known devil (flotation) vs the unknown angel (back-mix).
Not sure, but I'm buying a very small parcel of around 10K shares and putting them aside.
Add to My Watchlist
What is My Watchlist?
