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1.1¢ newpeak metals limited

Ann: Investor Presentation (Canary Networks), page-3

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blister

15,181 Posts.

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23/05/18

13:56

Post #: 33270903
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Originally posted by bellcurve ↑

One of the most informative investor presentations i’ve Seen, going directly to addressing major issues..

In the short term, DHR plans to use a mixture of debt/equity capital raising to fund activities through the construction of a small-scale US$12 million, 50 tonnes per hour, DMS plant to produce spodumene concentrate from the 2019 third quarter. This would be at a rate of around 35,000 tonnes a year.

The price of concentrate is forecast to average US$800/tonne through 2025, with the plant generating cashflow and allowing the development of customer relationships, DHR says.

Medium term, they fish for a strategic partner to help fund a bankable feasibility study, develop a mine and processing plant.

Everything seems entirely possible and plausible.

The company appears to be gathering momentum, with the drill bit turning on the first lithium exploration target right now.

Hats off to DHR.

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Wow! for reals! these guys are going for early production in Q3 2019... thats way faster than I anticipated. Granted small scale, but if it keeps the lights, limits dilution and funds exploration then that will be a massive win... leaning into a rising lithium price... very very aggressive.

DHR Price at posting: 2.3¢ Sentiment: Hold Disclosure: Held
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