Thank you very much and thank you for your comments. I will try to explain you my view how I did my research under these price and production conditions in August 2020, because Uranium One wants to buy us at these current conditions.
I would like to ask you to run your research again with the latest tonnage provided with the updated DFS from 12. December 2019 after the increase of our ore reserve. The tonnage numbers you have calculated with are from the DFS from 19. November 2018! And bear in mind that PSC ownes only 87% of Arcadia.
Please have also a look at the sales prices of the three different lithium products Prospect will produce, which I have used in my research with their proportional weight. The management has reviewed the forecast at current situation and has adapted their prices to that.
Do not get me wrong, I would love to have those sale prices of >US$1'500 for our ultra low iron petalite, but I think that was one year ago.
Regarding my Pitt Street research comparison. Their second report was from 14. January 2020. I just wanted to show that it is in that range without going in to much details. You are right that in 7-8 months PSC has achieved some goals, but you also have to consider, that during that time we had a dilution of our shares from the capital raise with ~40 Mio. shares (~16%) to now 285,94 Mio. shares.
I am very much looking forward to the updated economics after the double recovery of the petalite. I hope to see new production tonnage and selling prices.
And as always. This is my personal opinion only and it is not financial advice. Do your own research.
PSC Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
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