Ann: Transaction Update, page-140

Thanks again Troy … I’d like to see that question on costs/recovery via the different alternatives answered in the SOA/by the independent expert.

It seems to me as if the combined recovery rates under the ‘AVL process’ are lifted from 85.5% to 92 or 93% (vs 100% for a TMT going it alone {but nb this is not including the unknown factors/costs etc at Yarrabubba?}) then an important consideration becomes that increased LOM.
How many years are expected to be added ?
If the combined resource is to be as globally important as say a Greenbushes or PLS is to lithium then LOM is a crucial management consideration.

And thanks again for the detailed argument
… I’m still concerned about the inferences you made about Graham Arvidson’s expectations of near term financing being untruthful and there’s obviously a lot more to understand but I have to go out now.
I’ll enjoy coming back to it later on.


Cheers