EMH 5.00% 19.0¢ european metals holdings limited

Bad decision. Why? Don't know. Engineers sometimes look after...

  1. juk
    4,064 Posts.
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    Bad decision.

    Why? Don't know. Engineers sometimes look after their own interests above their clients.

    I think that the decision needs to be reviewed.

    Where we went from, was from Miro's post:

    Total Mining Cost:
    Reviewed scoping study: from 90 to 52
    PFS: 70.3

    FECAB:
    Reviewed scoping study: not mentioned, 72 in Presentation 2015
    PFS: 104.9

    Lithium Carbonate Plant:
    Reviewed scoping study: from 164 to 117
    PFS: 179.9 millions

    Total capital cost:
    Expected based on reviewed scoping study: 241
    Scoping study: 326
    PFS: 393.4

    So from September last year, in 6 months, the CapEx went through the roof, the OpEx went through the roof, the Recovery dropped and the by-product credits dropped.

    And we got a couple of lines in the PFS about why and some contradictory information from the Czech director.

    A couple of sentences in a prearranged and prequestioned interview over skype doesn't cut it.
 
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