@niciou: 1) Please read the PFS; it is clearly stated p.2 that...

@niciou:
1) Please read the PFS; it is clearly stated p.2 that COB has a strong A$ 9.8M cash balance as of July 1st( for the April-June quarter expenses were estimated to be $ 0.944M as indicated in Quarterly report released on April 30^th).
2) “What’s the fuss about”: why don’t you contact COB’s CEO and seek reconfirmation from him that LGI is happy with the PFS results?
3) The PFS is a conservative base case . Its Completion was necessary to allow project financing negotiations to begin. As the two streaming deals mentioned in my earlier post in this thread show there is a strong interest in securing upcoming Cobalt supply. COB will be working on many initiatives to refine and enhance many results of the PFS especially the life of mine from 13 y to 20y for instance 9 V good prospects as par Annmct of Nov 22nd 2017) . By the way the other 2 australian companies recent PFS and BFS releases were based on 25 Y LOM .
You should check the CEO’s interview below:
http://www.*.com.a...wcases-thackaringa-cobalt-project-200088.html
The key part is as follow:
"We have intentionally used achievable targets and independent third-party experts to help set inputs and targets. For example:
1. Recoveries - the study assumed a conservative baseline of 85.5% cobaltand 64.4% sulphur recovery. This compares to COB corporate targets of 90% and 75% respectively.( Duncan 04:if i may add 88% has already achieved in test-work)
2. Tailings Storage Facility (TSF) - the study assumed a significantly negative TSF NPV -$160 million. We believe there is considerable scope to reduce this burden.
3. Power - represents almost a quarter of our site costs, this is a key cost reduction focus for us in the next phase.
4. Mine life extension - our production target case was sub 13 years. The additional value generated by extending mine life to at least 20 years is enormous.
There are strong catalysts for the company over the next 12 months.
In the near term, a tailings optimization study will be commissioned, whilst in the background, large-scale test work for our unique process will begin.
A comprehensive site drilling program is planned from Q3, in part aimed to prove up the long-term cobalt resource on site.
Power studies will run in parallel, and the use of distributed energy storage to ‘shave’ peak power loads is being examined.
In addition to our Thackaringa focused technical studies, we will continue to assess the fit of our proprietary technology in processing cobalt in pyrite ores.
In addition:
Capital costs – The PFS delivered a capital cost of $A550 million (including $A66 million in contingencies) and approximately A$24 million in pre-strip. That’s approximately US$115,000 per tonne of installed cobalt capacity.
Compare this to an average of US$350,000 for greenfields project candidates identified (source: CRU) over the next decade. In simple terms, that’s 1/3 of the capital intensity of our global peer group with zero copper or nickel risk."