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clock Created with Sketch. 03/09/24
13:04
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Originally posted by Cosmoterios:
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This was the original package:A$760 million debt funding package This is expected to fund construction activities required for first production in the middle of 2024 A$550 million1 debt facility agreement which is designed to ensure the Company's Kathleen Valley Lithium Project (Kathleen Valley or the Project) is funded through first production and ramp-up to the 3Mtpa base case2 US$250 million (A$379 million1) Note, they originally said $760M funding was expected to fund construction activities Required for First Production . Then, they said $550M was needed through first production. But of course, they changed that to $379M in July. So massive cuts from initial estimates to the last estimate: cuts from $760M down to $379M. ou can see why shorters are attacking this!!!
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what price would you expect the 100,000t Sinomine offtake sold at? you don't seem to be factoring the sale of product from ramp up into the equation. This is additional that was not previously factored in to the initial debt package. i would expect it would be sold at a premium to their existing mining operations product. Cleaner ore... and hopefully achieve better overall grade.
(20min delay)