In so far as Buffalo , that was my ' Somewhere's on the St. Lawrence ' general vicinity pick , and was based largely on the ' Race ' for funding - ie either from US or Quebec. So this was hinged around their ( Piedmont's ) suggestions they were considering a THIRD plant where in the same breath were stating it would be ' somewhere's ' on the St. Lawrence access and that it may or may not be done in partnership with Sayona.
So now with regards to their most recent update , I would pick Brunswick in the new CSX Industrial rail park near Willmington deep water port.
With respects to Piedmont's contributions for ' Operational ' costs , I am happy with my estimates per my post following Sayona's June quarterlies where you can see that its come over by around $3 million.
What's interesting is that they ( Piedmont ) haven't spoken about the amount that would also be accruing on the ' Capital ' expenditure side of things where it is clear that Sayona had spent most of the $15,262 ( less $44,00 ) on the mostly capital category of ' Plant & Equipment ' .
So there is a potential additional $3.804.5 million being owned from Piedmont on top of the ' Operational ' expenditures incurred in the NAL restart process.
How this then relates to the statements put out by Sayona in their update to the Market announcement on 4th August as follows :-
"Sayona had commitment of C$33.7 million to end June compared to the planned budget of C$37.2 million "
So by definition these ' Commitments ' will be a liability and not represent those which have already been incurred. So right there , there is another $8.425 million in Capital cost owing by Piedmont as at 30th June 2022
So I guess the question is as to whether Piedmont's statement of $9 million includes the obvious $3.804.5 million in potential capitalised expenditures which would make my $5 - $6 million + $3.8 is just about spot on , and my $9 or $10 million for the 2022 - 2023 seems pretty close at this stage and where I'm happy to go forward with them at this stage.
Of course like any forecasts of numbers , they need to be reviewed on an ongoing basis as more information comes to light.
But in terms of what KP states , it's up to the individual to make their own assessment of the veracity of what he is saying.
Because whether its monies spent on ' Operational ' ....or ' Capital ' , it should still be monies spent and monies owed to the JV under their 25% stakeholder structure in the JUNE HALF.
(20min delay)