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6.5¢ arcadia minerals limited

the additional CAPEX would have added a small flotation circuit...

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sydneysider

4,747 Posts.

1005

29/05/23

23:31

Post #: 68024266
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Originally posted by MichaelSA: ↑

Look, i have held and supported the company since it listed just after the IPO. They have kicked some goals but unfortunately the sp is the barometer of success and there are no winners here atm (25% under IPO price).

I am a bit puzzled that Swanson has been held up for 6+ months for the sake of a $7 million USD deal with Hubei. I had been expecting the plant to cost $20 to $30 million, hence the need to do a deal. Surely debt/equity could have come up with $7 million - we could have announced the DFS back in September/October and just built it ourselves and retained 80% in house? I guess having Hebei build the plant de-risks to some extent and it is a MINIMUM of $7 million USD (costs could blow out)?

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the additional CAPEX would have added a small flotation circuit to further separate the lithium and nobium from the tantalum. I believe that the abutting Mining Lease run by our JV partner has a similar gravity circuit processing similar ore. At this stage our first proposed process plant is very significantly derisked.

AM7 Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 6.5¢		Change -0.008(11.0%)		Mkt cap ! $7.088M

Open	High	Low	Value	Volume
7.0¢	7.0¢	6.5¢	$16.63K	245.1K

Buyers (Bids)

No.	Vol.	Price($)
1	40793	6.5¢

Sellers (Offers)

Price($)	Vol.	No.
7.8¢	6500	1

View Market Depth

No.	Vol.	Price($)
1	40793	0.065
1	4098	0.061
1	67571	0.060
1	140000	0.059
1	20000	0.050

Price($)	Vol.	No.
0.078	6500	1
0.080	100000	1
0.099	2000	1
0.100	75000	1
0.000	0	0

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AM7 (ASX) Chart