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Is this a joke?, page-59

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El Jefe

6,066 Posts.

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30/08/17

06:25

Post #: 26851836
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Originally posted by Croc-file ↑

Hi Bruce just to adjust your post,"WKT capex is only 30 million not 300 million".It will cost approximately additional 5.6 million PA for operation cost at $350 delivered to port per tonne with a start up target of 40,000 TPA but plant capable of 60,000 TPA with grades for life of mine >16%TGC.Grades of >23%TGC achievable in the first 3 start up years.

The current VRC start up figure of $536 needs adjusting to reflect the new smaller target as apposed to the economy of scale PFS figure.

KNL operating cost are below $600 per tonne with higher feed grades at 10-11% TGC with an annual production of 60,000 TPA.(Capex >70 million)

VRC are aiming to achieve competitiveness with grades of 4.4. %TGC which will more likely lead to a higher capex and operation cost's than KNL on revised start up target 20,000 TPA.

Croc

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TGC has very little relevance if your target market is batteries.
Purity out the gate is the most important factor amongst other things.

VRC has nothing at all to make it a buy over peers.

Last edited by El Jefe: 30/08/17

VRC Price at posting: 1.9¢ Sentiment: Sell Disclosure: Not Held
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