TG @TheGekko, Frank @FrankRockefieldAs always on this forum your...

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sonowimnear

282 Posts.

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21/01/22

18:35

Post #: 59050054
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Originally posted by mho25: ↑

Here's what I remember off the top of my head:
Costs are up because of the cost of business going up. Steel, labour etc. But its not a linear cost increase (i.e would have been more under the previous DFS).
Salt plant reduces risk and recovers water.
Further licensing required for other phases (someone correct me here, but he said something about this).
He went into costs associated with relationship building is part of doing business in Chile.
Engineering has to stop somewhere to get to production. Further optimisations will occur but not in the scope of DFS.
DFS language constrained by what's permitted to be in the DFS so it's going to appear conservative.
Aspects of the capex will cover both stage 1 and 2, expect some synergies.
Stage 2 to come.
Financing up next. Mitsui has independent consultants doing due diligence - extra time has been given because they are external, hence delay.

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TG @TheGekko, Frank @FrankRockefield

As always on this forum your longstanding and calculated opinions are very well received, quite today a little fellas??

I myself was not awestruck by the webinar, it was a very similar repeat of the one back in Oct 2021, just an update with the DFS and "goal posts" moving for the finance arrangements?

One question I did pose to Jane/Christobal that did not get asked:

"In your last webinar on 8/10/2021 you stated a finance decision would made in first half of 2022 now only 3 months later, you are now announcing not until the end of 2022.
You were working on an updated DFS when you conducted this webinar in Oct last year, so why did you make that announcement, only to move those goalposts again in just 12 weeks?"

Sono
LPI Price at posting: 67.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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