HomeBrandMy understanding is that CTM have always had the right...

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robamac47

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27/07/22

11:50

Post #: 62751403
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Originally posted by HomeBrand: ↑

Hello....anyone read this yet?

Some interesting points.

It kind of suggests that 2.7mtpa will be the final design (noting that softer ores will be able to bump the throughput higher than 2.7). And it goes on to say that they have agreed with Ausenco the equipment size....ok, so what is it? Not entirely conflicting comments, but not entirely consistent comments either!

And this

Recoveries significantly higher which offsets the need to increase plant size....to an extent.

This is an unusual statement. I thought end product was going to be agreed (with the offtaker (my words)) during the FS process, but here it says CTM has control over this. It's probably too late to change away from Ni Sulphate, but who is to say Vale wants Nickel Sulphate. Maybe someone wants it more than Vale does, and could pay more for the supply. It's unlikely, but this statement slightly suggests it is not a one horse race, IMO.

And a new person to help with sales/marketing. With further suggestion it is not a one horse race for the offtake. Nothing like some competitive bidding. And hopefully with some financing to come with it (like Ford did with LTR spodumene offtake).

Another interesting aside here is that there is no mention of financing discussions, but there is loud and clear mention of FID by Q3 2023. You can't have the latter without the former in place. My thinking is that financing will be linked to offtake. Car makers are becoming very involved with mining enterprises to secure product. That should bode well for CTM.

Be interesting to hear others take here, and Sprotts update tonight/tomorrow.

How can we only have had 57k shares traded today on this announcement. The SP need some of those blue pills Plums keeps scoffing...

AIMO.

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HomeBrand
My understanding is that CTM have always had the right to decide final product and it was up to Vale if they wish to buy that product. This view may explain why there is a new appointment.
Cheers Rob

CTM Price at posting: 94.5¢ Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

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