I think all the page 5 financial summary numbers relate to the 130kt production variant. The $1,188/t figure referenced is the 130kt average cost and the at full production is used twice, but then again on the next page to reference 130ktpa.
I think the Maths at that stage when at full 130kt production may be approx:
- $2,550 * 130kt = $331.5m of revenue.
- $154.42m of production costs (130kt @ $1,188)
- $178m of EBITDA (using $2,550/t gets within $1m to the published figure)
- Throwing these numbers, some capex and lower production in the first few years gets values close to the NPV quoted.
The original scoping study at 50kt was $1,950*50+$900*16.6=$112.4 less $38.2m costs and $1.3m of unknown rounding for $73m cashflow. Costs and Capex have gone up significantly but they are now likely to be a lot more accurate for an operation operating in the US.
Also, while the OEM's will obviously try to push down every input cost, $2.55/kg IRA HPMSM HPMSM isn't going to create the same concerns for them as $50-$80/kg Lithium Hydroxide or $35/t cobalt. Synthetic graphite is also in the $8/kg range so manganese would remain a cheaper battery input material.
- Forums
- ASX - By Stock
- E25
- Ann: HPMSM Feasibility Study Delivers Outstanding Economics
Ann: HPMSM Feasibility Study Delivers Outstanding Economics, page-10
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add E25 (ASX) to my watchlist
(20min delay)
|
|||||
Last
32.0¢ |
Change
0.030(10.3%) |
Mkt cap ! $68.52M |
Open | High | Low | Value | Volume |
31.5¢ | 33.0¢ | 30.5¢ | $116.0K | 365.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 26637 | 32.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
33.0¢ | 22688 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 30591 | 0.310 |
1 | 10001 | 0.300 |
1 | 3390 | 0.295 |
1 | 18700 | 0.290 |
1 | 2450 | 0.280 |
Price($) | Vol. | No. |
---|---|---|
0.320 | 23133 | 2 |
0.330 | 22688 | 3 |
0.335 | 33483 | 2 |
0.340 | 1485 | 1 |
0.350 | 52956 | 2 |
Last trade - 11.11am 13/05/2024 (20 minute delay) ? |
|
|||||
Last
35.0¢ |
  |
Change
0.030 ( 27.3 %) |
|||
Open | High | Low | Volume | ||
31.5¢ | 35.0¢ | 31.0¢ | 103401 | ||
Last updated 11.28am 13/05/2024 ? |
Featured News
E25 (ASX) Chart |
The Watchlist
MGU
MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
MD
SPONSORED BY The Market Online