RE:RE:RE:RE:RbcWell you can see that if SCY can squeeze a ton of 4n-5n purity HPA out of the raffinate with NGM at a cost of $4000 - $7000 and sell it for $24,000 - $28,000 just how impactful those margins will be on the share price. And FYI, it won't be at 0.49 or long. Also we had better understand it's most likely going to be 5000 tons of HPA shortly after the green light. RBC is pricing the 0.49 on 2500 tons. As for CMR ? Together hey could be selling 10,000 tons per annum out of Phoenix for EBITDA of 280 million per annum. Heck maybe NGM will want it all for themselves and make SCY an equity offer or outright buyout offer. Or buy SCY to licence the tech to FCX and Grupo Mexico. Maybe we see an NGM SCY spin out co 66% NGM - 33% SCY. I mean would you not want to control 1/2 of 280 million! Explains why there's no hurry to finance. So, SCY should be prepared to deal knowing exactly what they are leaving on the table over a 3, 5 &10 year period here. And even after 3 years we are potentially looking at over 1 billion in Revs. So how do we price SCY? If in 2 years they were producing 10,000 tons of HPA, you can see the revs over a decade. Sharpen your pencil SCY and know what you are worth over time to these players. Hint. It's a lot more than you would think given the current lack of engagement from management and the current lack lustre share price. We have to think 5 10 15 years out. Do we keep a foot in this story and licence this like a royalty company paying a divided, or sell out 100%. And given what we've seen here over the years I have to ask does anyone really want to stay in this over the next decade insiders or not.
I doubt it.