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40.0¢ sunrise energy metals limited

Sunrise 2024, page-81

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kingkev

27,519 Posts.

1308

13/02/24

14:29

Post #: 72382543
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Originally posted by mg97788: ↑

Longstory, i did some maths on breakeven for Sunrise once in production vs PEP

PEP estimated $24000 per tonne Nickel + sulphate
PEP estimated $59000 per tonne cobalt

Based on above, the estimate was USD-0.8c per pound cash operating costs because of the significant COBALT credits in production, estimate of cost before credits was US$4.58 per pound. Cobalt credit was 1.97 equivalent.

At current pricing we have 83% of PEP nickel estimate and 50% of PEP cobalt estimate.

So current cash costs nickel (no COBALT credit) = $5.5 per pound
With 50% cobalt credit = $1 per pound

So current cash operating costs = US$4.5 per pound versus current US$ Nickel price of $7 per pound. Still netting US$ 2.5 per pound.

This is without PGM and Scandium credits included and still cost competitive with Indonesian Nickel.

Cost of production will be key in this operating environment and a key consideration for investment

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Cost of production will be key in this operating environment and a key consideration for investment could not agree more with you on this costing

I do still wonder what financial viability looks like when we are planning on sending our dirt to US for processing..............is this costly or is it financially viable?

SRL Price at posting: 38.3¢ Sentiment: Buy Disclosure: Held
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