First Tidal Acquisition Corp T.AAA

RE: RE: RE: India hunt!

[jonathanRdeC]

Don't forget that the low capex on AAA is associated with a 1Mt a year vs almost 3 times more a year for WPX ( 2.8 Mt). Do not forget that AAA is also dependant on Ethiopian government to provide them with roads, railroads and other infrastructure. Delays are very likely. They seem to have hit water but it's not confirmed that they have the capacity to operate a mine for a number of years.

Let's recap, no road, no railway, no water secure and a PER MT production CAPEX  the same as any canadian companies. The only difference is that production costs might be a bit less since it's solar evaporation. But other canadian assets have priced in a higher production costs than the real cost of natural gas which is almost 30% less than what was put in PFS. So the real production costs for other assets should be far less in the FS.

All in all, i wouldn't say it's a done deal for Allana...far from it. They still have obstacles in front of them that other canadian assets don't.