Technical Due Diligence Completed

For those of us who have never lost faith

TMC notes that the financial model as received is detailed in all modelled inputs and results in free cash flow levels which would be likely to support a funding decision. TMC reiterates the sensitivity of the Project economics to the forecast rare earth oxide prices and recommends that the imminent offtake agreements and pricing structures should be included in any funding agreement as Conditions Precedent. Once these are available the Project financial model should be updated, and the economics revised. The Project economics are most sensitive to projected market dynamics and the resulting product pricing projections, which in turn present the most material risk to Project economics.

://www.lse.co.uk/rns/PRE/technical-due-diligence-report-on-longonjo-47n4f467n7vl9m5.html