50c Party, page-149

Thanks BF always appreciate your thoughts , so I took a quick look at Nemaska , can we expect our PFS to look something like this ? NPV at around $950m with a processing plant or $550m without?

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FrançaisNemaska Lithium
Hydromet Facility In Shawinigan
Phase 1 plant and commercial lithium hydroxide plant (artist rendition to modify existing site and buildings)
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Investors
Interested in the lithium market? Nemaska Lithium TSX:NMX
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Responsible Development
Environmental and social development - community focused from mine to hydromet pant
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2nd Most Important Spodumene Lithium Hard Rock Deposits in the World
High grade ore, high purity hydroxide, low cost production
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Lithium in Motion
Electric vehicles are on the road today!
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Phase 1 Plant
Proprietary processes, state-of-the-art lithium hydromet plant
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Membrane Electrolysis
Producing lithium hydroxide using proven hydrochemical process
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Feasibility Study
Home > Whabouchi > Feasibility Study
UPDATED 2016 FEASIBILITY STUDY HIGHLIGHTS AS COMPARED TO THE 2014 FEASIBILITY STUDY

Since the writing of the 2014 Feasibility Study, Nemaska Lithium decided to relocate its hydromet facility to Shawinigan, Quebec. The Updated 2016 Feasibility Study contemplates the impact of relocating as well as process optimization on the Op Ex and Cap Ex.

2016 Feasibility Study Highlights
(All calculations assume a 6% Li2O spodumene concentrate)
(All figures are quoted in Canadian Dollars (C$), unless otherwise specified)

2016 Feasibility Study
Expected Mine Life
26 years
26 years
Life of Mine Revenue
$9.2 Billion (US$7.4B)
(average of $354M/yr)
$6.9 Billion (US$6.2B)
(average of $267M/yr)
Pre-Tax Net Undiscounted Cash Flow

After-Tax Undiscounted Cash Flow
$6.2 Billion (US$4.9 B)
(avg. of $260M/yr before initial CAPEX)

3.9 Billion (US$3.1B)
$3.4 Billion (US$3.1B)
(avg. of $151M/yr before initial CAPEX)

2.3 Billion (US$2.1B)
Pre-Tax NPV 8% Discount (base case)

After-Tax NPV 8% Discount (base case)
$1.9 Billion (US$1.5B)

$1.16 Billion (US$928 M)
$964 Million (US$831 M)

$581 Million ($523 M)
Pre-Tax Internal Rate of Return (IRR)

After-Tax Internal Rate of Return (IRR)
37.7%

30.3%
25.2%

21%
Total Initial Capital Costs
$549 Million (US$439M) in CAPEX
including Contingency
$500 Million (US$450M) in CAPEX
including in Contingency
Pay Back of Capital Costs
2.4 years
3.7 years
Selling Price Lithium Hydroxide
US $9,500/t FOB Shawinigan
US $8,000/t FOB Valleyfield
Selling Price Lithium Carbonate
US $7,000/t FOB Shawinigan
US $5,000/t FOB Valleyfield
Average Cost Per Tonne
Spodumene Concentrate
$181/t (US$145/t)
FOB Whabouchi Mine
$189/t (US$170/t)
FOB Whabouchi Mine
Average Cost Per Tonne
Lithium Hydroxide
$2,693/t (US$2,154/t)
FOB Shawinigan
$3,450/t (US$3,105/t)
FOB Valleyfield
Average Cost Per Tonne
Lithium Carbonate
$3,441/t (US$2,753/t)
FOB Shawinigan
$4,190/t (US$3,771/t)
FOB Valleyfield
Exchange Rate $C to $US
1 : 0.8
1 : 0.9
2014 FEASIBILITY STUDY LIFE OF MINE PRODUCTION

5.5 million tonnes spodumene concentrate converted into Approx. 728,000 tonnes battery grade lithium hydroxide and Approx. 85,000 tonnes of battery grade lithium carbonate.
(average per year of Approx. 213,000 tonnes of concentrate to produce Approx. 28,000 tonnes of lithium hydroxide and Approx. 3,250 tonnes of lithium carbonate)

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My uneducated view would be our deposit is better as its closer to surface, we won't need to go underground and we will have more of it. Along with it should be cheaper to do it in Mali?

Release the PFS please and let's re-rate to near 25% of NPV

Best wishes to all