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13/06/18
20:00
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Originally posted by Sharpey
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Doesn't worry me.
But AC was referring to the business model of taking tailings and turning them into final product, which hasn't been proved. He's not wrong there at all.
My point in response was that the tailings processing is a possible future development for later.
For now, Alvarroes can get P1 going, and make the business cashflow positive. That's transformative. A business with good cashflow is a much stronger investment and has a lot more options.
If you assume P1 will still be able to find enough feed to get to 5,000-6,000tpa, then the current share price represents less than a 25% chance of success, with all future cash flows discounted back at 12%pa.
P2 and all the rest are not factored in at all. Just P1 on its own.
I don't care if it's a bull market, a bear market or a koala market, but I'm happy to keep buying if the market is going to discount the possibility so heavily.
But, each to their own.
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Hi @Sharpey
Im interested in your thoughts as to what Lepidico tested from Mt Cattlin.
...and why they bothered to do so?
Do you think it might have been a simple marketing strategy?
Or might there be more to it?
Last edited by
Thesi :
13/06/18