Apart from your points above.$270m Cap Cost with likely blow out...

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tarasbulba

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86

07/03/24

16:19

Post #: 72797625
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Originally posted by Oatmilk1: ↑

They hide it away on page 91. For USD 16k/t the projects net cash flow is negative 177.7AUD Million.

Theyve based it on USD9000/t Copper price which is above current prices as well.

I remember hearing once a good rule of thumb is back calculate the NPV at 20% discount rate at today's spot prices and if the NPV is above the MC of the company its a winner. Obviously dont even need to pull out the spreadsheet on this one. My bigger question is why the hell is the share price up 13%. Clearly some mugs just read the first page number and why lets facts get in the way of a good story. I dont want to sh!t can them too much. Nickel prices have sunk, but unfortunately this report isnt worth the paper its put on. IMO its a resource that may need to wait 5-10 yrs if thats what it takes for nickel prices to rebound.

Ive been watching this one with interest but this scoping study doesnt give me a lot of short term confidence its going anywhere.

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Apart from your points above.

$270m Cap Cost with likely blow out (just ask LTR and others)

Find a lender willing to carry this pupply with both resources (lithium and nickel) down the shitter.

Would have to raise $100m in equity.to even be let in the door. 21/2 Billion shares @ 4cents (if your lucky)..

At least they have plan.

Sold out last year and have kept an eye on fortunes.

at least

WIN Price at posting: 5.0¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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