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KeenDog

953 Posts.

637

11/01/24

17:58

Post #: 71837220
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Originally posted by zebster: ↑

(For you, KD. The Reply feature is acting-up for me again.)

Good question. I do remember reading in various announcements that the timing of the PFS was specifically conditional on management receiving payability terms from potential offtake partners and I wonder whether that is having any bearing on why it hasn't been released yet.

That said, I'm not expecting it to materially alter the economics of BS while the NP is around these levels. I'm expecting the positives to be an extension to the LOM by, say, 2-3 yrs and also that it's likely to provide some downward pressure to the modelled costs (i.e. more of the mined ore being processed, rather than simply treated as overburden/waste and also a slightly longer time frame to amortise the up-front capex costs over). However, being a rougher conc., the payability will v.likely be materially lower than the 'sweeter' (1.1Mtpa) smelter-grade conc. which I think will act as somewhat of an economic brake.

In any case, I'm interested to see where the end result lands.

KD, I thought you left the registry a while ago. I'm guessing you did, but have now returned using some punt money at these low levels on the last man standing?

Cheers,
Z

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Zeb,

I still hold 1 share as a reminder (and to vote LOL)

GAL, STA, PAN, CXO continues to show it is always about the quality of the resource. The battery metal thematic is taking many a victim so not interested in adding to the solitary share even at this level but wish you and the long term holders here all the best.

POS Price at posting: 1.1¢ Sentiment: Sell Disclosure: Held
3 Upvote

0 Great analysis

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