I'm hopeful of a 3-5 mtpa operation especially given the likely upgrade to the resource size. I'd prefer a shorter LOM with higher output (and consequently NPV) not only due to the time value of money but I don't like betting on cobalts future demand after the 15 year time horizon with the way battery tech is advancing.
Therefore a 50 year + LOM is all well and good but approx 22 year LOM (+ more with resource upgrade) at 5mtpa output is a far superior outcome in my eyes.
I believe it would be possible to secure the capital required through a mix of bank loan and offtake prepayment. (Not invested in but see Alltech chemicals 300mil loan secured for HPA plant...)
Fingers crossed friends as in the recent dip in the 9's I doubled down
Pre Scoping Study and General Thoughts, page-24
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