@sevoi did a quick review of the threads for both KLL and SO4...

@sevo

i did a quick review of the threads for both KLL and SO4 and apart from revealing numerous angry SHs I did notice your participation. As such i appreciate your historic interest, knowledge and comments. I also noticed your comments are presented in a calm manner which does add credibility to your thoughts and positions taken


With regard to AMN obviously the quantum of the capex, funding and cost of funds are important metrics but with a project like the one AMN has and its remoteness and need for long road/rail communications and port offloading facilities we should expect capex to be a major and significant investment item. I do note that the profitability index of the Lake Mackay project is approx 1.6 which I believe to be very satisfactory for such a large project to be developed over a lengthy time frame. Obviously the PI is determined by the assumptions used but given the current SOP price is above the DFS price forecast then that provides a certain level of comfort and wiggle room.

Will be interesting to return to these comments in a couple of years to see whether we are on the mark.