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As I understand it, a BFS and DFS are both compiled using the same parameters in terms of the level of technical detail.
A BFS only differs in terms of presenting a case for funding from investors / bankers.
My belief (although clearly i don't know), is that project finance is already sorted and therefore a BFS is not required.
Originally, Talaxis would have earned an additional % for arranging project finance. That situation has now changed and we appear to have attracted significant interest from other parties for whom a supply of REE's is of critical national importance.
I know it's difficult but really, forget about the SP and look at the potential project value.
I'm sure we'll all find out soon enough - god knows, it's been a long haul!
I'm sure we'll find out soon enough
Lewis - to clarify , a BFS comes after the DFS - in essence it is a level of detail at which you can borrow against the project . We were supposed to be getting a BFS - although the company started taking about a DFS in later coms.
Oapk. Absolutely agree. Read a tweet with someone saying the same thing. Makes you wonder what the minister was thinking or maybe we can just imagine he worded it incorrectly. Either way I’m
Personally happy my average is 25% away from current prices and that push comes to shove it will eventually reach 30p or so and that where I will look to exit as I have previously stated. We as PI must understand we are invested to make profits and eventually move our investments forward.
All is not lost and I’m a million percent sure the BOD are aware of all this FUD and will look to resolve it as the earliest convenience.
Stay strong folks and keep the faith.
To be fair, the DFS is better...."Definitive feasibility study (DFS): The most detailed form of feasibility study which determines definitively whether to proceed with a project."
There’s a difference between expecting to complete and actually completing. Leaving it to the last day to announce or announce a delay or say nothing doesn’t show the board in a good light.
The fact that Minister of Mining, Albert Mbawala said “We thought they were doing a joke with Malawi” during his visit is not brilliant so it’s no wonder the price is down after the tweet. If that has been the govt attitude it raises questions about MKA and their positive tweets etc.
Lewis
Recent mentions in company docs have specifically said the FS is a definitive feasibility study (DFS). For example, from the March quarterly management discussion - " ...currently working on a definitive feasibility study (the
“Feasibility Study”) which is expected to conclude during the second quarter of 2022."
Also if you watch Alexander Lemon's interview he corrects himself to confirm it is the DFS that is about to be filed.
The company did talk about a BFS early on but for many months, perhaps since the restructuring, it has clearly been a DFS underway.
My understanding is the BFS at the end of June. I find no reference to DFS. Other than sofas :-)
MKA have consistently said they expected to complete the DFS by the end of June. In the brief interview on twitter from ITM Online on the 24th, Alexander Lemon actually said the DFS had been completed and was going through its final checks and would be lodged in a very short while. They may only report when the DFS is filed.
The MDA may well take longer. The timing is as much about the government as MKA but hopefully, again from the interviews, is going well.
The next step after that may depend on whether the restructuring of the company relates to strategic players in the background, perhaps just waiting for the MDA to be completed. If the funding is a more conventional debt and equity model then the next step may actually be to produce a BFS.
Precisely. Delays are always frustrating and the SP is being reflected by that. But when news comes, and the company advances, it will be exciting. One day left of June. We shall see. It is certainly quite annoying that there has been a lack of news but there could be a number of reasons for this…
MKA announces its BFS and/or MDA tomorrow or not, it will do very well when it does so. It has a globally important deposit of something the world needs and the West craves to have outside Chinese control. GLA.