Don’t need to remind me haha
The sale price used in the PFS was $675USD/t with spodumene 6% concentrate currently trading at aroun $900USD+/t you’d expect the NPV to be slightly greater if a staggered approach was applied to the PFS.
Only part that has me puzzled is the extremely low CAPEX figure of $52.5mil USD for a 1.2mtpa plant. BGS just had a 2mtpa plant get quoted at about $150milUSD and I know the likes of AJM & PLS were both greater than $100mil.....any explanations for this being so cheap here?
Undervalued, page-15
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