Okay rat ,can we get over the sophistry/lawyer picking about no company announcement of 300kts so I'm "misleading"
Agree Rat1973 that the Announced Scoping Study was on 200kts Production and Costs /tonne.
Every investor in their research of company announcements used this revenue and Cost of production on 200kts + as a basis.
Those Graphite Company Comparisons used it also for Cost of Production comparisons especially with falling graphite prices and commenting on various companies 'viability' as a result of such falling prices.
Rat1973 can it be expected now that any poster making claims that Triton is a low/lowest cost/tonne producer will now have you "pull them up" for misleading or at least being misled? Point out that the DFS has to be completed so cost of production previously scope study 'set' is in need of 'adjusting' from 200kts to 50kts ?
That'll be good. Looking frward to YOU doing some Watcher on the Wall with
@Names little.
Now it's so that the Basket Price against "revised" Costs needs adjustment to take in extra Large Flake proportion. I "didn't neglect to mention that" as you 'niggle'. I had that in mind too as Follow Up.
The sale price of Big Flake in 2017/2020 is very 'controversial'. Difficult to Estimate. Especially on a basis re Dragon vs RoW. It could tually most probably will be that FOB China is less than FOB Row.
$/tonne Large Flake appreciably less China than in RoW.
Why? Expect a Discount for Bulk Tonnage to apply. Stormcrow for example calculates on 5-20kts Offtakes for it's pricing estimates to End Users. Surely these prices wouldn't apply for 100kts offtakes to Dragon Distributors and End Users? There'd be discount, agree?
Also China produces domestically large flake for domestic distribution and I don't think IM/BenchMark and Stormcrow really get correct, accurate Dragon Data on their flake prices. Only what they'll Export it for to the RoW.
You then chuck in the Fine vs Jumbo for EV Battery Demand as a future pricing parameter.
Sheerly that current Jumbo and Large Flake is a relative small current Demand that is 'unknown' effect of proposed Super Supply.
All this and more,rat1973 gets fed into getting feasibility for Basket Pricing being a nightmare of twists and turns, blind alleys and Opagueness. Ergo the need for a "reliable" Cost per Tonne of Production figure is CENTRAL.
IMO if triton is expecting to revise this figure in a delayed til feb/march DFS ? That's unfortunate.
Anyway yes the Real Issue is Alternative Funding. This includes Dragon/RoW vice versa financing of a dual project. For Debt Funding by a third party [non offtaker] is requires Certainty of the Offtakers being Collateral Grade.
Yes there is your point, rat re Cash Flow Financing from JV China and the possible TON/AMG GK Ancuabe but really rat such cash flow won't really be coming in, reliably til mid 2017 given a mid 2016 commissioning. Also there's that $35mil for Anacube to "consider"
but anyway the Graphite Sector Financing Issue hasn't been resolved in the last Qtr july/Sept as was hoped. Brad's announced Peers in East Africa in the finance race of MNS and KNL are still in limbo for finalising 2015 Capex Finance for late 2016 Plant Commissioning/Start. TON too is in Limbo and with cost/volume of production revised FA detail.
Fair Assessment? Not Misleading ? Intentional Stirring?
BTW did you see the Toby jack piece yesterday on the OLD Tesla EV Batteries being "unreliable" after 2/3 years use/ It's in the Graphite thread [Siberia] amongst the dross one line MOZ ramps.
now 2/3 rat and I'm off to get a sun "spot" cut off my ear. Could be a new Vincent Van Gogh or Chopper Read !!
(20min delay)