Sorry, my earlier post should have said a target of US$200 million EBITDA per annum... Repeated below correctly:
Yes I have no doubt that they are looking to increase the tons throughput in the BFS compared to the PFS, now that they are essentially unconstrained on the resource side for many years.
They have flagged about US$200 million capex, so I expect they will keep around that figure.
If it was me, I would be aiming for an annual EBITDA of at least US$200 million per annum and a 20 year mine life, with as much as possible of the 20 years from the Longonjo weathered material.
It will make a nice one-slide summary for the UK and European instos after the BFS:
Essential material for the Green Energy Revolution
200-ish million dollars US CapEx
200-ish million dollars US EBITDA per annum
20 year mine life
200/200/20 for 2020 and beyond
PM8 Price at posting:
$1.46 Sentiment: Buy Disclosure: Held
