Member Info for tomcat-14

I wouldn’t be sure about that… the ‘for sale’ price at this time must be higher than the fair value that has been demonstrated by the pfs… the risk profile for amapá being somewhat different to a brand new greenfield project that’s never been proven in operation before… even more so now it’s all been boxed up with a dfs and refurbishment contractor ready to go…

pfs $978m - 84.2% discount = $154.52m…

i’d agree that it does make sense to develop it through to bfs though and take the 3x premium that comes with that next level of de-risking the project…

bfs $978m* - 55.0% discount = $440.10m…

Needs updating…

Mm’s are overindulging a bit with the Christmas spread here this year… (15.556%)… 🤮

hopefully that will improve next year too…

https://youtu.be/CjScNlQ51kA?si=KXWCTW0IbD-tElqN …

Wonder who took delivery of that last load from 🇯🇵 🦅… same as previous or someone else…

Buying out the banks = pre-sale of the stockpiles = possible offtake partner and payment upfront…

Sounds like buying out the banks and funding the dfs will be packaged up into the one farm in deal to me… the former probably funding the latter from the net profits on the stockpile sales… c’mon 🎅🏻 … cheer us up before i slash my wrists…

The debt funding is in hand 🔧…

dfs complete this time next year…

The jv company pba is currently valued at somewhere between $110m (as the jrp valuation and recent dipb loan financing transactions) and $154.5m (as the discounted pfs valuation - which demonstrated amapa to be valued higher than what was originally anticipated in the jrp)… for 100% amapa…

so $1.1m - $1.55m per %…

Https://www.lse.co.uk/rns/KDNC/strategic-development-and-financing-b3emdmzwcgoalyu.html …

this isn’t for post dfs… and should be due anytime soon by now… 🤞before Christmas…

Under the MOU, TCIDR will provide a final proposal to complete the Definitive Feasibility Study ("DFS")... The DFS, EPC contract and any other services provided by TCIDR are subject to both the services being provided on a competitive basis and to PBA's and DEV's commercial evaluation and approval… (open book by the sounds of it)…

once this proposal is complete they’ll then know how much it’s going to cost for the dfs and what % of the jv they will need to sell to pay for it…

This one?…

https://www.lse.co.uk/rns/KDNC/sonora-project-signs-lithium-supply-contract-5r092b3tau076c1.html …

if musk or tesla get their hands on our lithium the way lmoa is trying to go about it… they’ll never live it down… handling stolen goods…

Soon find out… it’s arrived and docked in lianyungang now…

+taxes…

+badge on the entrance gate and all publications…

deal done…

.simples.

We are hopeful that a constructive solution can be reached through consultations and negotiations with Mexico under the BIT…

You mean sacrificed their 70% of the jv areas… we haven’t obviously…

Get up stand up…

https://www.gov.uk/government/publications/agreement-between-the-uk-and-mexico-for-the-promotion-and-reciprocal-protection-of-investments--2 …

This time next year rodney…

amapá pfs : $978m - 84.2% discount = $154.52m…

amapá bfs** : $978m - 55.0% discount = $440.10m…

amapá ownership: 32.6% kdnc…

Development Programme

Under the MOU, TCIDR will provide a final proposal to complete the Definitive Feasibility Study ("DFS"), and on completion of a successful DFS, will submit a fixed price Engineering Procurement and Construction ("EPC") contract for the Amapá Project. The DFS, EPC contract and any other services provided by TCIDR are subject to both the services being provided on a competitive basis and to PBA's and DEV's commercial evaluation and approval. TCIDR will be appointed the General EPC contractor for the Amapá Project once these approvals have been granted and the provision of TCIDR-facilitated project financing is secured. This will require the execution of legally binding documents.

 

Project Financing

Under the MOU, TCIDR will use its best commercial efforts to secure the required financing for the construction and re-development of the Amapá Project, including the necessary guarantees, project finance insurance and debt financing. In this regard, TCIDR is in discussion with SinoSure China Export & Credit Insurance Corporation and China Development Bank.

 

PBA, DEV and TCIDR will now develop a roadmap to seek to secure the financing for the DFS and subsequent project financing for the Amapá Project, and a fixed price EPC contract between DEV and TCIDR that will have the project finance, export credit insurance and credit support by TCIDR.

What’s their averages…

It wasn’t secker that they spat out… he’s still working for them…