2021 and beyond, page-3996

Some points from the recent interviews that I found interesting:

• The production doubling to 51 ktpa might already be included in the DFS.
• They expect to start Phase 2 very soon after Phase 1, this again shows that the 2028 start date assumption in the Orior Capital report for Phase 2 was conservative, and there is a high chance we will see 51 ktpa production ramping up sooner than that in Kachi.
• LKE could've sold their first 6 years of production in Kachi 6 times already, so there is huge interest from possible off take partners, but they wait for the best contract. There is also a huge push from the possible off take partners to increase capacity in Kachi, hence the acceleration I guess.
• The loan for Kachi could have an interest rate as low as around 3%, compared with loans for normal producers around 15%. Expected payback duration is around 10 years, and would mean payback around $50 million USD per year (this compared to the expected yearly EBITDA of $260 million USD