I sniff desperation.
9 year minelife - last
Production costs - last
9:1 strip ratio - last
Cash flow negative - last
Board remuneration value - last
Multiple offtake agreements - last
Debt - first
The only positive is less debt but the other two are bigger plants and bigger mines, and already attracting positive cashflow. I still haven’t heard anything about positive cashflow from the BH mine? Also A40 won’t be producing anything more than what they are now (160kt) until at least 6-7 months time at a cost of $15-20m if built (I’m pretty sure it won’t be near 300kt, I think we all know that is a far fetched number). So no income will be realised from this ‘bolt-on’ fines build until it is actually completed and running. By then both Altura and Pilbara will be well into plans to double production which will far exceed A40’s additional bolted-on output.
So really all A40 has currently
proven (without a dfs) is a remaining 8.5 year minelife and is clearly the highest cost lithium mine in Australia.
I think we know it comes in at the same position as this chart that has been circulating for years now.
View attachment 1397085Good luck!
