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I don’t see things quite as bleakly as that. Eu will need to set a price floor for both meeting esg and self reliance criteria, so I think the $26k/t is a lot more considered than just trying to justify a certain npv.

Assuming tin/tungsten credits are added in pre-fid (not unreasonable to assume they will be), and the production costs drop c. $1500/t. Still high, but what hasn’t gone up staggeringly over the last 4 years?

The use of a conveyor belt adds in esg/sustainability points (and capex), but also saves a huge amount on operating costs over the life of the mine.

No idea what it means in terms of our value, but for the first time in many years we do at least know fairly well where we stand, and have a lot of near term catalysts on the horizon (set against the bad news of increased costs and decreased IRR in the public realm).

Funding and offtakes required to get anywhere near that I think. Costs for production have skyrocketed somewhat!

Added to which the credits could still bring down op costs significantly, albeit they’re omitted to keep price volatility considerations limited to the main product.

Current price at around 14,000usd/tonne, but agree it's a fair way above that which has been assumed in DFS. Mind you, the EU can't afford not to have their own supply, so this will happen now I think, only question is how profitable it will become, but seems a fair way undervalued based only on likelihood of proceeding/NPV.

Well, the costs were always going to increase, but there's a lot to chew through in there, including this:

'The Company may also consider commencing a formal strategic partnering process whereby alternative funding options, including undertaking a corporate transaction, a joint venture partnership, a partial asset sale and/or offtake pre-payment could be undertaken if it maximises shareholder value over the long term'

No way - they’ve done it!

It was in response to fingers posting that the rns has been with LSE and Asx for a few days. He’s since removed the post

That’s simply not allowed under LSE rules. Not sure about Asx, but suspect it’s the same

Way back, some lucky folks bought at £1.20, so it could have been worse!. I have no idea what my average is anymore, but it’ll need to be a fair bit bigger from here to reach breakeven I think.

Personally I think the filter is useful for the likes of both irrational ramp/deramp, if only to reduce the echo.

For both sides of the argument, AI can actually be quite useful also

I think they’re just inking it…

Haha

About bloody time!

My point was only that it would be good to hear a more considered response to a fairly important question. He seemed a bit bothered to have been asked, but you’d think there would be a better plan in place than waiting until the new year to see where they stand.

Something along the lines of :we’ll have to raise some cash, but are confident we’ll be able to in the new year at a much better price?

Just a little more confidence

Apart from the “first half of December/dfs imminent” clanger, it was slightly alarming to hear him (KC) state that possibly weeks away from needing to raise cash to keep the lights on, they’d get together in the new year to check cash requirements..

doesn’t sound considered, timely, or like he’s particularly fussed

Price is at least holding up well, and lithium still making the right moves, so …

Perhaps they're missing the EIA?

What a shambles

Barring a late doors rns, it looks like the rockstock interview contained at least one timeline 'inconsistency'.

Whilst sodium energy densities are improving, so too are lithium. High range Ev’s (which are what is needed to reach ev/ice tipping point), are already racing ahead using lithium, with various cathode chemistries offering ever increasing energy densities.

Sure, sodium will be good for home/grid storage, lithium is likely to stay ahead for some time yet, possibly indefinitely

Yep. Tick tock…

Arguably better timing would have been to have the mine open by now…