RE:Juan always value your thoughts on today's news Hi bro... I think I choose "good", it's always a good thing for us to have the company sharing this kind of information in detail.
About the economics, the costs are lower than my expectation; I was expecting the cost before byproducts revenue to be $4,600 for the base case and $5,200 for the alternative. Seeing those at $4,000 and $4,400 makes me wonder how would they look like after byproduct revenue. It seems that in 6 months we'll have more information regarding by-product revenue streams:
https://www.weare121.com/121mininginvestment-cape-town/client/plateau-energy-metals/ With costs as low as they turned out to be, I'd have expected a much higher NPV, but a much lower than expected ramp up period has drastically reduced NPV. Is that a bad thing? No, it just shows the conservative approach management is taking to adapt the project to the current situation of lithium oversupply and, even more relevant, to the current tough market for new mining projects. By reducing the scale of the project they're reducing the pre-production CAPEX to the minimum possible. In my view, the fact that costs are low even in a 22k ton scenario is actually very good news.
Regarding the part talking about concessions, I like the fact that PLU is officially informing about the Medida Cautelar and everything we've been talking about. Also, the PR says that the Precautionary Measure for the remaining 15 claims will be out "shortly", which would also add to the momentum we need before the next PP, to avoid dilution as much as possible.
Btw, did you see the part about royalties? The PR says "royalty contributions estimated in excess of $5 billion". I hope the president and minister Liu Yonsen will soon read these figures and realize the damage red tape could do to the country.