Great spot - I noticed this also... I'd say the 12 year estimate in headline statements and then a casual mention of 15 years LoM is in keeping with JB's 'under-promise & over-deliver' mantra.
That said, the 15 year LoM was contextualised with mention of the stage 2 DFS. So perhaps, they have made the assumption that by the time stage 2 is in production that an extra 3 years (to the current 12) of ore reserve will be proved up... Again, they would only mention this prediction conservatively.
So as you've said, I would bet that actual LoM will be greater than this 15 year value.
Afterall, JB did mention systematically increasing the resource inventory... who knows, maybe could stretch out to a 20yr life by end of the project life!
- Forums
- ASX - By Stock
- 1MC
- Ann: Resource and Reserve Boost Adds Years to Lithium Project
Ann: Resource and Reserve Boost Adds Years to Lithium Project, page-22
-
- There are more pages in this discussion • 28 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
Add 1MC (ASX) to my watchlist
(20min delay)
|
|||||
Last
3.0¢ |
Change
-0.001(3.23%) |
Mkt cap ! $8.123M |
Open | High | Low | Value | Volume |
2.8¢ | 3.1¢ | 2.8¢ | $1.312K | 44.77K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 47762 | 2.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.0¢ | 10583 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 37762 | 0.029 |
4 | 442579 | 0.028 |
1 | 61938 | 0.027 |
1 | 100000 | 0.026 |
5 | 280423 | 0.025 |
Price($) | Vol. | No. |
---|---|---|
0.030 | 10583 | 1 |
0.031 | 295524 | 4 |
0.032 | 92168 | 2 |
0.033 | 378549 | 3 |
0.034 | 270000 | 1 |
Last trade - 15.41pm 04/10/2024 (20 minute delay) ? |
Featured News
1MC (ASX) Chart |