Thanks for posting Narsi.......another great presentation by SW and he really focussed on the key features which will drive our SP growth IMO in the context of the overall discussion on class 1 Ni supply or lack thereof. Other presenters made interesting points about car manufacturers looking to diversify away from Chinese supply chains for battery production plus the large Indonesian laterite supply supposedly coming on stream will take much longer(ie 10-15yrs) and be more expensive than most predict.
Apart from the obvious theme that we are hitting massive sulphides every day and confirming our mineral resource will increase significantly into the PFS(end Q1) the bullish points are:-
1. Much clearer articulation of staged capex to reduce dilution(we have a concentrator already which has a replacement cost of more than our current MC!!!)
2. Highlighted once we drill out another 2-3 ore bodies(leaving at least 20 more to go) we will confirm a world class Ni sulphide district and thus a much longer LOM which of course will be confirmed in the upcoming PFS
3. Jurisdiction is right in the middle of the EV battery production action and Vietnam is incentivising global manufacturers to produce there.
4. Our product will be the greenest Ni on the planet.
5. Production costs very low in comparison to the rest of the world(ie hydro power and labour)
6. Fully funded studies and drilling through to decision to mine.
7. Downstream capex will be shared 50/50 with Ecopro....no mention on timing of JV but as we know it will follow the PFS and no reason to doubt this.
8. SS was base case and didn't include the staged capex option which would have improved the NPV significantly.
9. Still drilling KCZ and 9 drills in total turning everyday(patience on results will pay dividends team).
Just thought this summary was worth posting despite most points being well known by LTH.
Stay chilled everyone......we are very much on track!
GLTAH
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