OTCPK:SAVNF - Post by User
Post by
ScandiumPoweron Jun 05, 2023 3:25am
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Post# 35479824
Savannah will be a treasure
Savannah will be a treasure Savannah Resources made Scoping Study (Pre-Feasibility Study) in 2018. I was based on mineral resource of c.14Mt, a modest initial capex of US$109m, average annual production of 175,000t of 6% spodumene concentrate and associated quartz and feldspar products, a life of mine average spodumene concentrate price of US$685/t and operating costs, including freight to China, of US$271/t concentrate, the Scoping Study returned a post-tax NPV(8% discount rate) of US$241m and post-tax IRR of 48.6%.
Today the mineral resources are 27 Mt, planned annua concentrate production is 200,000t spodumene and finally CONCENTRATE PRICE IS CURRENTLY US$4,000/t. So this will be a treasure !
https://www.savannahresources.com/project/barroso-lithium-project-portugal/ https://www.metal.com/Lithium/201906260003