I think we will find out soon. The DFS must be close and...

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subi1

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20/02/24

09:02

Post #: 72493429
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Originally posted by Fredwah: ↑

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.

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I think we will find out soon. The DFS must be close and hopefully partners are very close.

WRT to the RIU conference presentation. Are you talking about the video?

The conference is a beast(fantastic) but bloody hard work as well.

Last edited by subi1: 20/02/24

BSX Price at posting: 6.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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