SW has been talking about Chinese partners. How does that work with IRA, FTA etc?
PFS - Total Ta Khoa pre-production capital of US$854m
Wabowden - Granted it increases security of supply, but CAD$80M price tag plus what's the CAPEX figure to convert it from a HG UG mine to a low grade OP mine similar to Ta Khoa? Here's the 4yr old estimate to do the same for Ta Khoa from the SS.
Granted BSX is hoping for a 60/40 debt to equity finance option, and intends to sell down 50% of the equity component. So BSX only needs to raise $240M from investors (8-10x current MC) to get the project off the ground. Not including "working capital", nor the Wabowden costs. And how will the Wabowden funding work? Insto stumps up CAD$60-80M on top of their $240M component, for no further equity?
Nickel price - I still have know idea why investors focus on this. BSX intends to make and sell NCM811 precursor.
PFS costs:
Life-of-operations All-in-Sustaining Cost of US$12,253/t NCM811
Life-of-operations All-in Cost of US$13,192/t NCM811
Current NCM811 precursor price.
Now, I'd love to update all my thoughts and calculations with updated DFS figures based on BSX's new found ability to shave $3k/t off the costs in the PFS to be profitable in this current market as per SWs RIU assertions, but BSX seems to think that it is fine to take a 12 month paper based exercise, blow out the due date by 8 months and counting, whilst providing zero excuses nor updated timelines. And yet I'm expected to believe SW can actually deliver a working mine and refinery on time.
FFS - Can't even load the latest RIU presso to their website in a timely fashion.
