RE:RE:P.S.: No BFS needed for financing
Apologies, I’ll try that post again!! (good ole SH)
Kilroy pretty much nailed it. The big story here is that we can achieve a higher NPV, IRR and quicker payback without inclusion of a product upgraded to +99.5% at $10,000/t. Headline figures are not so different pre-tax at 10%, $250m vs the original $246m, BUT the basis of the calculation is very different, considering only base production.
The average revenue per tonne has increased to $1,866/t from $900/t in this updated PEA, by virtue of the increase in the purity of the base concentrate we can produce. The pilot plant results have proved this, as the concentrate increased from 92% to 96.6% and stock holders need to understand this. This really highlights the quality of the Lac Knife deposit in both terms of head grade and flake structure.
This updated PEA is miles ahead of the previous one in terms of increased levels of confidence inherent in the values. The pilot plant results have driven the level of accuracy here many times above that of the original PEA.
It provides a considerable increase in the level of comfort that may be afforded if you are invested here and the understated nature of only concentrating on 'known knowns', is welcome imo.
No supposition or BS here and a massive upside available from upgrading, as we know the costs there are considerably less when your base concentrate is 96.6% from 92%, that is not presented in a PEA that returns better numbers than the previous one.
The influence of Mr Baxter I presume? Finance is coming and we will produce.
GLTA, Mark.