CXO

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11.5¢ core lithium ltd

Translation for me is the PFS announcement has put me in a Poor...

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25/06/18

21:07

Post #: 33939699
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Originally posted by wenty ↑

It almost feels as if this PFS was a race against time in some ways...

Due to the prepayment agreement with Yahua, we needed to show that Grants supports a NPV of greater than US$20 million, and need to make a decision to mine by 31/12/2019.

Today’s PFS shows that an NPV of US$40 million is possible via DSO, and that an NPV of US$105 million is possible for 5% concentrate. So not only does today’s PFS satisfy Yahuas NPV requirements, but it also make the case that the decision to mine should go ahead.

But I wonder: what would the PFS have been like if BP33 was ready in time and could have been factored into it..? Would we have chosen the 5% concentrate route then..?

The feasibility study goes ahead upon a positive PFS. Unfortunately BP33 wasn’t ready to be incorporated into the PFS, so IMO we have put out a positive PFS, simultaneously satisfying Yahuas NPV requirements and making a case that a decision to mine should go ahead, all so that we can bring out our feasibility study, which BP33 WILL be ready for and incorporated into, which IMO will produce a great NPV for 6% concentrate, and include flotation infrastructure

Come the feasibility study, I think we will either choose 6% concentrate or DSO. Had BP33 been ready for PFS, and had metallurgical studies been further along, I think we would have chosen 6% concentrate from the get go.

All IMO and perhaps a bit of xfiles thimking

GLTAH

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Translation for me is the PFS announcement has put me in a Poor Financial Situation

CXO Price at posting: 4.2¢ Sentiment: Hold Disclosure: Held
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Translation for me is the PFS announcement has put me in a Poor...

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

BCI reaches close of funding facility for salt-first part of Mardie project

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Buxton projects new graphite province discovery at WA Narryer play

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

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Translation for me is the PFS announcement has put me in a Poor...

Top Stories

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

BCI reaches close of funding facility for salt-first part of Mardie project

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

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Buxton projects new graphite province discovery at WA Narryer play

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

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