Member Info for tomcat-14

read the preview... http://lithiumamericas.com/wp-content/uploads/2018/06/LAC-PR-PFS-June-2018-FINAL.pdf ...

http://lithiumamericas.com/wp-content/uploads/2018/06/LAC-PR-PFS-June-2018-FINAL.pdf ... you’d think it would be cheaper in mexico... 🇲🇽

no worries mr.j... still holding it together... although the wife does wonder why i keep breaking into a smile for no obvious reason recently... :-) christmas is coming you know...

they might want more... as i said in an earlier post... Tue 09:17...

o... o... o... o... o...

g... g... g... g... g... g...

looking at a worst case... $450m at today’s forex 1.3253 is £340m... if you went 60:40 equity:debt... £200m:£140m... £140m debt serviced from year 1+2 profits (£146m)... debt costs covered by the additional sale price of lce over the base price £11,000/t used in the fs... £200m equity / £0.85 today’s sp = 235m shares issued (net)... which is a 10% discount on previously agreed placing price with nextview... 235m is just 64% of the 365m shares approved for issue by 94% of bcn shareholders... everyone must be happy with something like that aren’t they... when can they start... :-)

what you have made me realise on waking up this morning... is that hanwa... who had a 5year offtake agreement for upto 100% stage 1&2 production capacity... have stepped aside from the stage 2 plant... and extended the offtake period to 10year production from the stage 1 pilot plant... paving the way for a second offtaker to take up and hopefully accelerate the stage 2 plant... the big question is... will it be a 17.5ktpa carbonate plant... or wil it be a hydroxide or even a chloride pilot plant... and who will the offtaker be... i do like reading back over historic rns’ and the feasibility study... look at them from different moods angles and perspectives... make sense of what appeared to be happening then... and what actually is panning out now... plan a... ;) i suspect they’ll soon be talking telephone numbers again... once the funding hurdle is cleared...

you are aware that the $1.253bn npv8 2-stage project... could be done 5.5 times over... just from the mineral reserve pit... contained in just three of the licence areas... the $1.253bn npv8 isn’t for all the licence areas in the project... it’s just the 35ktpa pilot project... the 17.5ktpa stage 1 lithium carbonate pilot plant... ramped up to stage 2 in years...

mined from just two of the seven licence areas... or two of the ten licence areas if you include the jv2 concessions...

iceberg... ‘Bcn have also been careful to say that this is a project that included all of the license areas’... as a matter of fact... it’s less than 4% of the 2.698mt lce contained in the jv1 mineral reserve pit... that is included in ‘the project’... less than 100kt of the 2.7mt lce contained mineral reserves...

i’m just looking at the plant layout fig 18.3.1 on page 170... which bit of the stage 1 plant will the stage 2 feed go through?... they clearly look very separate to me... even the mine plant is doubled up for stage 2... not shared... the only thing that will be shared is the infrastructure... but that looks likely to be being procured on a boo basis...

2... 2... 2... 2... 2... 2... 2...

not sure i understand your analogy... $15m isn’t even 1x kdnc mcap... $435m is 3x bcn’s mcap... which one is more out of reach?... and as you say... that’s without any value attributed to the jv’s...

well out of reach?... how much are you looking at?...

very nice... really motoring on in anticipation of being granted the licences... did that aus:arg mining regulations deal ever get signed...

simple math... the higher the debt funding... the lower they can take the sp for the remaining equity portion... 365m new shares to be issued as part of the financing package... $193.7m profit in years 1&2... to service the debt + interest (@11,000/t lce)... funding sp=?...

edit... as opposed to what Morgan Stanley WANTS YOU TO THINK is going on...

:-) i heard somewhere that smiles... like yawns... are contagious... :-) :-) :-) :-) nextview???

wow... another smile :-)... is this one for the equity funds... ringfenced and secured?... only 12-days left to the end of h1... the sonora stage 1 pilot plant needs to be funded by then to be on programme... (the 10-months late programme)... debt and equity!!!...