I agree but I'm hoping that the PFS will present two NPV calculations.
1) For spodumene concentrator only (Phase 1 DMS plant)
2) For lithium carbonate/hydroxide plant on site
NPV 2 should be multiples of NPV 1 and considering the high transport/port handling costs, it is obvious (to me at least) that option 2 has to be the ultimate flow sheet.
I think some of NPV 1 is already baked into the BGS share price but it is NPV 2 that has the potential to initiate the well deserved re-rate of the BGS.
Finally, being in Mali, one would be foolish not to be excited about the gold play, especially when Birimian and Randgold are mentioned in the same sentence. Randgold are big hitters and successful operators.
BGS Price at posting:
41.5¢ Sentiment: Buy Disclosure: Held
