Hi guys, just wanted to say something about STB's modular...

Hi guys,
just wanted to say something about STB's modular approach. As indicated "we" will start with a rather low SOP production rate (i.e. 350.000 t/year) which will then be increased. Advantages are of course low initial capex and lower risk, so financing should be manageable.

Here is what I think the PFS will tell us:

Modul 1 production rate: 350.000 t/year
CAPEX: 350 - 390 Mio AUD
Mining cost/t product: 70-80 AUD
SOP price: 680 AUD

Let's see...

GLTA Fips