RE:DFSI just quickly went through the DFS, and a few of things to comments:
1. CAPEX increased about $50 Millions to $370 Millions. With inflation, it is still low Capex per tonne of Li project;
2. OPEX increased about $40/tonne to about $3,950/tonne, it is still the lowest Opex project, makes tonnes of money.
3. The NAV was $1,144 millions (PFS), this is revised number, and different from this NR, now the NAV is $1,129 millions, basically the same.
I don't agree with the Lithium Carbonate price they used for calculate the NAV. For PFS, $11,882/tonne was used, now $12,321/tonne is used for the DFS. The $12,321/tonne is TOO LOW (less than 50% the current Spot Price), and artificially lower the NAV. The Current Lithium Carbonate is $26,000/tonne, although it is spot price, the lithium shortage will be with us for a long time. I believe it should be at least $15,000/tonne, even higher.
3Q is so great project, if it is gone, it is so hard to find any quality project, that is remotely close to 3Q. How our management is so willingly to give away 3Q? They must get something in return for themselves.
I WILL VOTE NO.
SAD, SAD, & SAD!
MAD, MAD & MAD!
tiger
Specific wrote: [url=https://https://stockhouse.com/news/press-releases/2021/10/26/neo-lithium-announces-definitive-feasibility-study-results-on-its-3q-project][/url]