I don't see the U$442M number, looks more like U$327M of which...

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Carbondriver

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23/04/25

16:24

Post #: 78779948
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Originally posted by mondyinvest: ↑

Why am I not surprised that one has to scroll down to page 77 to get a proper outline of the capital costs: Total capital costs, including pre-production and sustaining capital, is estimated at US$442M. No wonder they tried to release a 'lite' version of this earlier in the month.

Consider the absurdity of the timeline: in June 2024 CRML pay just US$5M cash and issued US$211M of their CRML shares at US$10.71/sh for their 92.5% interest (today those US$211M shares are worth just US$38M, assuming the vendor was dumb enough not to sell them like everybody else did). Now the company has done a Scoping Study and they say the project NPV is worth US$2.4B to US$3B? In my opinion this never gets built, but the Greenland/Trump/REE narrative will probably suck in enough investors for CRML to raise several times round to continue paying salaries.

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I don't see the U$442M number, looks more like U$327M of which some will come from profits on the early years sales.

The visit to Washington next week to discuss supply to US defence could well bring a big supporting loan/grant/offset agreement.

I heard a rumour that a large piece of kit that is ideal for the project was getting the once over last week. This was bought and paid for by a mining company whose project didn't go ahead so it's looking for an offer.

EUR Price at posting: 5.5¢ Sentiment: Buy Disclosure: Held
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Last 4.4¢		Change 0.001(2.33%)		Mkt cap ! $63.58M

Open	High	Low	Value	Volume
4.3¢	4.4¢	4.3¢	$10.60K	242.6K

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Price($)	Vol.	No.
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No.	Vol.	Price($)
2	70458	0.043
1	500000	0.042
1	317	0.041
1	441853	0.040
4	381641	0.039

Price($)	Vol.	No.
0.044	199999	1
0.045	5000	1
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0.047	100000	1
0.048	140000	1

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I don't see the U$442M number, looks more like U$327M of which...

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Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

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I don't see the U$442M number, looks more like U$327M of which...

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