I watched and listened twice and I see a fair bit of attempting to explain away mistakes and explain matters in the FS especially wrt to what is being referred to a “value Engineering” in ways ahead. A) show a lack of understanding of the specifics of th e items and b) should have been addresses in a PFS .
Please provide some sort of reference where this claim to have “secured” funding can be verified. As far as I can find they have Sri Lankan govt permits to build a facility of some size but the exact dollar amount varies depending on th e source. I suspect but cant prove that this reflects entirely normal staged/options in a large project. I can find nowhere that the actual funding is secured. Indeed the moves to list an entity on various exchanges. SGX/IDX look like classic moves around a trader trying to go asset heavy and create an entity of substance to raise funds with. I may very well be that he the entire Asiamet thing is just part of that bigger strategy.
RE: Indonesia to Encourage More Downstream Investment01 Aug 2020 23:39
It’s not especially relevant as. A) KSK landed to produce Cathode cu - already processed downstream B) The requirement to process downstream has been a matter of law/regulation since 2009. All this. Has done is elevate some of the requirement from regulation to law. This provides some more stability/security but still relies on enabling regulation to clarify C) The KSK FS financial model already includes impacts of tax holidays for the investment in downstream processing
Largely missed the point on a range of the bkm value enhancements outside of Albion process. Also the whole conversion of resources and keeping production at 25ktpa Cu cathode seems to ignore the sizeable chunk of capex on a new heap leach pad that would be required to achieve that.