Asil / OTJThe PFS will be a massive uppercut blow, simply...

Asil / OTJ

The PFS will be a massive uppercut blow, simply because NPV will be either $1B, $2B (likely), $3B (if not more), AND the IRR will be >100% AND the capex will be manageable.

That combo is explosive on its own.

Add on the recipe, that Manganese usage in batteries is increasing week after week, and pretty much every week there is $5B commitment here, $10B commitment there to build a new Gigafactory, well.... This will be like Gold Fever in the 1800's ....

Over 60% of EV batteries will be NM/NMC.... and LMP will soon challenge the lead LFP took. Manganese for batteries will surge x10 rapidly and the markets (all, not just ASX) are unaware, comfortably numbed, with Lithium because the Magazines call them lithium batteries.

Manganese metal at US$ 5,000/tn already (expected only by 2025), this shows the demand is pressurizing the supply big time already. E25 should be producing in 2024.

E25 will go hand in hand with VULCAN SP (same no. of shares on issue, Zero Carbon, same EV theme, similar NPV, etc).

It will happen. Make it happen JB!!