Great analysis fatcats but if you take the time to carefully read this statement it’s merely an exercise required as part of the dd for possible finance.
‘The Company will update its detailed financial model to include the latest information which includes leasing arrangements for the funding process, which incorporates proposed terms for a US$35 million debt funding package comprising approximately 50% of the total construction cost (refer ASX announcement EcoGraf Lithium Valley Development 11 June 2019’
Further red flag here states
‘The Company’s decision to locate its first EcoGrafTM facility in Western Australia was based on the strong European customer support’
You would think they’d build a little closer to Europe if it’s for the European market, seems like Andrews a little scared to move out his own back yard...this is just gonna pile on costs and challenge any hope of completing a successful BFS.....
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