The two page summary of Lycopodium's BFS seems all positive at first reading. Covers only tin and tantalum as directed by GIP management. Lyco has been instructed to now prepare figures on basis of 2mt / annum mill production to calculate expected economies of scale.
No word on funding arrangements but reiterates Ta take-off agreements in place. IRR is calculated at 11.2% per annum even at 1mt / annum output.
Will analyze further and discuss with interested holders. Certainly encouraging IMO at first glance but would have preferred guidance on funding arrangements given they want to ramp up to production a.s.a.p.
I hold.
Gupper
bfs summary just announced
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