I liked the updated DFS. The reduced CAPEX of $117m is 800m less shares on issue once finance is done.
Thats more money in us shareholders pockets when this project gets of the ground.
I will look to add to my position in the coming weeks. Just waiting for AGM which might reveal a few hints and number 3 to get down around 10m shares left.
Feeling that this was the plan by management and SMS. Reduce capex by as much as possible to obtain finance and once in production then add value adding products. eg Ferro V and electrolyte.
Ann: Updated Feasibility Study Results, page-64
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