We've spent ~$10m on updating our BFS and completing the RAP so...

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Wilma85

7,970 Posts.

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03/11/17

12:29

Post #: 28472745
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Originally posted by unicrumba ↑

Good post, thanks...and that is why I am heavily invested in KNL.

* 2 Major Banks officially stating interest in financing our mine
* Bank appointed 'SRK' Independent Engineers have gone through our BFS with a fine comb and after some adjustments have been made and
stamped the project as economically viable - I think KNL is the only G miner that has their figures/ data
independently verified, keeping in mind that SRK was carrying out the DD on behalf of the banks...ie, looking to identify any weak points in the project - SRK gave their stamp of approval.
* Bulk samples processed in existing commercial-scale facilities and extensive testing by end users already done.
* Supply out of China...I had the same view as you on China having plenty of supply and therefore preferred KNL's approach of realistic start-up capacity...two major changes will have a positive impact on G miners sooner than I thought, and that in turn will be extremely positive for KNL thanks to us having a very realistic chance of being one of the few mines that will be selling (possibly) by 2019
1. - China clamping down on polluting mines, which has come at the perfect time...sure they will clean up the process on some of their viable mines and restart production, but by then the demand curve will defiantly by further north, and KNL will have their mine commissioned and working on nameplate output targets being achieved and then getting ready to increase to 80ktpa.
2. - EV's and Storage will increase market share sooner than most predicted, clearly evident in Li and Co stocks and G wil have no choice but follow once funds are done with accumulating Li and Co stocks.

Going via Debt funding option has been a difficult path, but if we get finance at expected good terms (single digit + good payback terms) then some very healthy profits will be made from today's SP level.
The great thing is we won't have to wait years to find out. Almost everything is in place.

All IMO

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We've spent ~$10m on updating our BFS and completing the RAP so that both are compliant with the IFC Performance Standards and the Equator Principles. Social and environmental responsibility aside, the other primary reason for completing the BFS and RAP to meet these very onerous criteria was to position us so that we are eligible for bank finance.

KNL Price at posting: 15.0¢ Sentiment: None Disclosure: Held
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Last 32.5¢		Change -0.035(9.72%)		Mkt cap ! $147.6M

Open	High	Low	Value	Volume
35.5¢	35.5¢	32.5¢	$21.03K	63.60K

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No.	Vol.	Price($)
2	34814	33.0¢

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Price($)	Vol.	No.
35.0¢	16347	2

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No.	Vol.	Price($)
2	34814	0.330
2	138749	0.325
2	4100	0.320
1	2000	0.315
2	4900	0.310

Price($)	Vol.	No.
0.350	16347	2
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