Post by
TVR on Mar 22, 2022 10:24am
New PFS will be based on 50 Million Tonnes
One nugget from yesterday's press release is that the updated PFS (Pre Feasibility Study) will now be based on 50 million tonnes per year, not the 25 million tonnes used in the 2017 PFS.
With double the volume and a long term price for the PFS likely to be more than twice the $250/tonne used in 2017, the NAV is going to be multiples of the $50/share number from 2017.
Unfortunately, with all the changes that the press release indicated will be included in the PFS it sounds like the updated PFS is nowhere near ready to release and we are probably going to be waiting to much later in the year to see anything. Hope I am wrong on this.
Comment by
PedroPistacio on Mar 22, 2022 11:31am
Great spot TVR. I missed that. Mind blowing with 50m tonnes as a new sales/production target. I'm surprised that nugget was not flagged a bit more in the release.
Comment by
ICT1111 on Mar 22, 2022 1:25pm
This might be wishful thinking but I suspect that the PFS is being delayed by the addition of a new factor...... the Brazilian government. If they have the political will to drive Verde to a point that protects domestic food supply, maintains export revenues and helps balance of payments...... and are prepared to act to assist, this could explode.
Comment by
Storage1 on Mar 22, 2022 2:34pm
I too share that thought. Possibly a public private partnership to expedite a rail way. Fingers crossed. GLTA