Hi fnbig1Thanks for pointing out the targeted price back then...

First 4 Last

Share
Profile

Follow
waeyap01

101 Posts.

62

26/10/18

13:00

Post #: 36273313
Share

Originally posted by fnbig1: ↑

Great work in digging this out! Love your work!

The thing that stuck out for me was v was targeted at $13.5 / lb back then and that is what they prices the SS based on. We are now at $32.50 / lb and rising 1% to 2% a day.

The last PFS appears to have fallen over due to largely being at the wrong time with softer commodity prices. With v prices now 2 1/2 better than back then, and the forward outlook for V looking strong (China steel needing more v and v becoming potentially a key cog in the clean energy revolution), it feels like we are in a much better position to take this forward.

Adding in some new finds since then (including flurospar), new technologies and efficiencies in extracting and processing the raw material, I find it hard to see how it won't be commercially viable even if there isn't anything new or groundbreaking that comes out of the SS.

We appear to be in a pretty strong position. Not sure if this is just wishful thinking but would love to hear about multiple interested JV / offtake parties and KRC working through a process to chose the most viable proposal.

And as a hedge, keep looking for that monster high gold vein deposit. Sell that resource and use the proceeds for that to fund the v project.

AIMO. DYOR.

Expand

Hi fnbig1

Thanks for pointing out the targeted price back then was $13.5/lbs. I did a quick search and the market price of V back then was around $6-7/lbs. Based on current V price of $32.50/lbs, the SS should look a lot more positive!

Anytime now!

KRC Price at posting: 5.5¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

CBL

Control Bionics expands into UK and Irish markets with NeuroNode device

CNB

Carnaby Resources hits copper at Mohawk, QLD

YAL

Yancoal makes it into the ASX200 in latest S&P rebalance

RMX

Red Mountain Mining: record gold prices, two projects, two greenstone belts

GDC

Global Data Centres not clear on future operations after AirTrunk sale payout