E25 General Comments/Chat, page-85

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08/08/20

13:22

Post #: 46397235
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Originally posted by Man0fMn: ↑

As i see it, aussie v usd exchange rate has only a little to do with our project.
It would be unlikely for Australian ore to be sent to North America. Unless there are strategic reasons. E25 ore will go to Asian markets
A low USD will make USA steel makers more competitive against Asian steel makers.

A high AUD will reduce capital for equipment procured internationally.
But, on a project like this, Capital is almost irrelevant. (As long as the required capital can be sourced, the actual number has minimal impact on viability). E.G. Double the capital requirement, and it takes 12 months instead of 6 month to pay it off. Minimal effect on NPV.
This is shown in the sensitivity graph in the PFS. Sensitivity is tiny.

As I see it, the important exchange rate is AUD v's 'currency of who we are selling to'
In the PFS, currency exchange rate is shown to have high sensitivity against USD. USD is used as it is the standard currency.
Having said that, If USD dollar drops significantly, both AUD and other buyer currency rise proportionally against the USD but remain the same against each other. Import exchange rates for E25 are:
AUD v's Japan
Sth Korea
China (although there was talk of strategically avoiding china, but is huge market)
Potentially India
If some one has better understanding of this, I would love to hear your comments as I have been pondering about what exchange rates mean for the project.

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Would be nice but almost all trading of commodities into Asia and around most of the world is done using USD.

E25 Price at posting: 58.5¢ Sentiment: Buy Disclosure: Held
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Last 29.0¢		Change -0.005(1.69%)		Mkt cap ! $63.77M

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E25 General Comments/Chat, page-85

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E25 General Comments/Chat, page-85

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