Today's presentation demonstrates what a fantastic opportunity we have in front of us...The first-mover advantage comes about not because management sat in the idle lane but forged ahead where others would not venture...Too risky; it's opaque; let's wait and see what others do...It's fresh oxide, we prefer weathered oxide the high-grade domains are not what we are looking for...OMG
All the BS with no idea what they require...OMG can not wait for the validation of Lindi once in production.
"Enough said..." The presentation showed a huge upside on what is already a very robust project...IRR of 119% grades from surface measuring >40% TGC. (Life of mine 17.9% TGC from modelling)
General formula m x (r+1)/g + p/g
Where m is mining cost, r is strip ratio, g is grade & p isprocessing cost
Project A
ROM mining cost per ton unit US$3.14 x (4.4+1)=$16.95 per ton Rom /17.9%= US$94.69
Processing cost per ton unit US$27.56 / 17.9%= US$154
ROM Ming cost US$94.69 + Processing cost US$154 = US$248.69
1000 tons per day x 300 days x 17.9% x 90% recovery = 48,330tons
Revenue US$73,944,900
Mining and Processing cost ($248.69 x 48,330)= US$12,019,187
EBITDA US$61,925,713
Used the conservative flake pricing, not MNS expected flake price for the same product.
@Balduran if you would like to run KNL low grades thru Lindi plant this is how it may look...
ROM mining cost per ton unit US$5.14 x (0.4+1)=$7.19 per ton Rom /5%= US$144
Processing cost per ton unit US$25/ 5%= US$500
ROM Ming cost US$144 + Processing cost US$500 = US$644
1000 tons per day x 300 days x 5% x 90% recovery = 13500 tons
Revenue using $800 per ton product battery grade US$10,800,000
Mining and Processing cost ($644 x 13,500 tons)= US$8,694,000
EBITDA US$2,106,000
Regards Croc (First mover advantage World Class project...)
(20min delay)