HAS 6.41% 36.5¢ hastings technology metals ltd

Ann: Strategic Partner Discussions underway on Ha, page-28

  1. 913 Posts.
    re: Ann: Strategic Partner Discussions underw... Hi Kickit2me

    "Strategic partner to be secured (funding, technical, off-take?) Q2 2013"

    I think strategic partner with funding is Hastings only hope


    The Hastings Project is at an advanced stage of development, with a completed scoping study delivering sound economics, a JORC compliant resource giving +20 years of mine life and is fast tracking towards production, subject to satisfactory funding. The Company is investigating a number of options including a strategic alliance, off-take agreements and joint venture proposals.

    sound economics?

    1560 t Reo at $96 Kg = $149,760,000
    2630 t Nb. at $45 Kg = $118,350,000
    6170 t Zr. at $3.70 Kg= $22,829,000

    Currently revenue is $290,939,000 = $28.08 Kg

    According to the scoping study costs are
    $258m for 10,360 tonnes of product = $24.90 Kg

    Longterm offtake agreements will only give you a percentage of the basket price especially as HAS is not producing 99% Reo

    Hastings is marginal at best


    Tonio









 
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