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Ann: Approvals Received for Western Strategy Resource Drilling, page-171

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22/03/23

18:24

Post #: 66906786
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Originally posted by Chris2184: ↑

Just watched Tim Murray present, a very professional and well spoken presentor and definitely very knowledgable in this space.

Basic notes;

- Sunresin orders take 9 months to deliver, FID later this year and expected delivery potentially mid-late next year. So 2025 production sounds achievable.
- Colorado River wate rights cover both Paradox and Green River, my take is that hints to two production plants in future (my opinion).
- Funding expected 60% debt and 40% equity.
- Sunresin looking after plant operations from start to finished product (including carbonation).
- Sunresin very experienced and commercially proven, not only DLE tech but production of resins.
- Tim made note of comparison DLE techs being not even comparable to Sunresin in terms of how advanced they are given years of experience.
- "Others" still only in R&D and lab scale, ASN and Sunresin approx 4 years ahead of the rest.
- DFS financials to improve given power generation, expecting OPEX to be in first quartile (very significant in terms of profit margins in whatever market).
- Lithium production first, then Bromine later (but we already knew that).
- DOE loans "we'll get that" at 10yr low cost of 4%

Could be some points I've missed but that gives you an idea.

My overall take was very impressed with Tim as a spokesperson.

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Originally posted by MrFaargs: ↑

good presentation, spent a long time on sunresin and the benefits, discussed OPEX as i was schooling our resident dummy and said well disposal fee and electricity/gas will come down significantly making paradox enormously profitable "whatever the lithium climate", US DOE loan looks more likely than not, i think he said something like FID was gonna be towards the end of the year so timeline may have been moved back a quarter or 2 although that doesn't bother me at all when you look at other companies with 3 times the value and no timelines whatsoever

thought this was interesting, i didnt really read much into this before but as he stated, so much sunresin is going into production, all to the right are using R&D companies to get around a problem that sunresin had already solved (lilac are listed twice here but they arent on controlled thermal anymore).. TM credited BBB for finding sunresin and claimed because of this and the secrecy were about 4 years ahead of others

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Appreciate the summary guys!

ASN Price at posting: 19.0¢ Sentiment: Buy Disclosure: Held
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Ann: Approvals Received for Western Strategy Resource Drilling, page-171

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Ann: Approvals Received for Western Strategy Resource Drilling, page-171

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