ALL about funding and having off take agreement in place.
PLS has these 2 important boxes ticked.
What is impressive is the plant is modular and can be scaled up to meet expected demand.
6 months pay back ............ on capital ,then the rest of positive cash flow can develop Pilgangoora.
Sound business model with solid demand in the growth of Lithium based products.
The FS establishes a robust financial model, with projected payback of the entire capital cost in month six of operations. It estimates that over the LOM, 364,000lbs of Ta2O5 will be recovered at an average operating cost of $34.74/lb. The financial results reported are based on a commercially sensitive 5-year fixed sales price with Global Advanced Metals Wodgina Pty Ltd (GAMW), subject to annual CPI adjustments.
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(20min delay)