after the PFS's of KLL and RWD, I am not interested in any SOP companies. if i held AMN, i would sell
after reading KLL's PFS, only recently, I sold my small amount RWD shares because i (correctly) thought the returns would be too low for me. My RWD CAPEX guess estimate, merely doing some proportioned pro-rata calculations based on KLL's CAPEX, was on the money at $450M and my opex was close at $380/t. but my output was 480,000tpa
i then bought a token amount of RWD shares after the bullish recent RWD announcement but reading yesterday's PFS I was disappointed hoping for around 480,000 tonnes per annum. but as the PFS says, there is a 15% seepage, which drops the overall recovery to around 57%
at least all of the RWD numbers makes sense to me in RWD's PFS (unlike KLL's PFS, which i cannot reconcile). the RWD recoveries, EBITDA, cash-flows & NPV calculate accurately (close enough) on an Excel spreadsheet. at US$500/t, the IRR is not enough for me. US$700/t would provide the juicy IRR i hope for. even US$600/t makes a big difference
i hope my posts yesterday did not give the impression of a pump & dump given I was not ramping anything. i just couldn't help replying to the pathetic posts of @Blue fox
all of the recent presentations of AMN, RWD and KLL used current standard SOP prices of US$450 - $500/t but i think at least US$600/t is required but US$700 makes the typical 10 bagger risk-reward play
good luck people
SOP products in North America fetch closer to US$630 per tonne. Globally, demand for SOP is unmet by a margin of 1.5 million tonnes-a third of that demand coming from North America, where there's only one existing producer in North America.
