Banter and general comments, page-33965

The down rampers are having a field day using the GS report to shake the trees.

Let us look rationally at the limited information we have.
Cash balance at 30 September 2023 is $202.1 million.
The capital raising allocated $100 - $120m for:

The unallocated cash balance is between $82.1m to $102.1m
Managment had provided the following guidance on the Finniss mine:

• Concentrate sales
• C1 costs + Royalties: $1,067/t
• The average realised sale price is $2,560/t
• Thus the sale will contribute cashflow of 90,000 to 100,000t x ($2,560 - $1,067)/t = $119m to $134m

Obviously the lithium price could go up or down, a subject of much speculations.
The question is whether the unallocated cash balance of $82.1 to $102.1m plus the cashflow from the concentrate sale of $119m to $134m is sufficient to develop BP33
We are still waiting for the FID report expected in 1Q2024 and until then GS is merely speculating and possibly scare mongering a capital raising which some use to ramp down as a CR at $0.20
Long term shareholders should balance the facts against the fear mongering. Until the FID report is release GS is purely speculating in a similar manner as the North of 70s Choir singers ?