Price of copper - big key for the valuationThe good news is that we are selling 99.999% pure copper sheets to the commodity market and we also know that co2 can be washed out with the negative effect of time (6-9 month longer per whole) and money (for the operational costs).
The good thing is that the price of copper is on the run again and all the car makers will produce only EV cars from 2030 on (so much quicker transition than everybody expected)... so copper could easily reach 6 usd the next years.
The PFS of Excelsior only take 2,75 usd in their calculation, so 6 usd would bring our NPV to over 2 bill. usd.. so the delay and the unexpected sunk costs can easily be earned back (even more!) with some luck... one thing is clear: to be priced at 12% NPV is far too low!
Glta