Price swing of 5k (+/- 25%) would dramatically affect every...

Price swing of 5k (+/- 25%) would dramatically affect every NPV.

We used 90% recovery even though overall recovery from the March testing was 92%. But our own large scale pilot plant is showing a steady state of 95.6% recovery with it never once dropping below 94% at any single point. It seems almost certain we will get that +43 million on NPV. And if that steady state recovery holds true it would be +60 million.

Surprisingly a reduction in Opex by 25% only increases 40 million. And an increase of 25% only reduced by 41 million.

It seems like we do have potential to reduce Capex

The financial sensitivity analysis indicates that initial CAPEX is a major factor in determining internal rate of return. Design development during the study revealed significant potential for reducing initial CAPEX, particularly related to the general arrangement between tanks and process equipment. Begin the next stage of design development with a focus on CAPEX reduction and reducing overall material take-offs and construction indirect cost


Total Installed Cost (TIC) for each additional well-pad is estimated at US$70 million and each additional well-pad is expected to add production of 2,000tpa of LCE on similar economics.

Does this include the DLE module? They way well pads are discussed in PFS it sounds like it is. +20k tpa only 700 million??? Cant be right?