Scrooge,
As per most broker research I assume the FS will come in around US$20m to $50m, dependant on what pricing you use for the NdPr price.
If this is the case, the good news is, even at these low prices for NdPr US$45 pkg, we are profitable, while I believe both Lynas and MP are not.
We have a great resource with great metallurgy.
It's the costs to get this profit is what I am looking at. Anything under A$100m - including 18months working capital and pit development will be exceptional
I believe all management are in Africa, I was hoping for early this week and when it didn't come then, I am now expecting it next week and hopefully early in the week.
It is frustrating but it's a world class asset.
Enjoy the weekend.
Ann: Kangankunde Rare Earths Project Update, page-131
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