ATC 2.94% 7.0¢ altech batteries ltd

The project looks good imo provided ATC can tick the three...

  1. 1 Posts.
    The project looks good imo provided ATC can tick the three drivers i use to assess the risk:

    1. Raw materials - it is unusual for a bank to lend money or a feasibility study to be completed without a compliant RESERVE estimate - the RESOURCE is large but how much will convert to reserve of suitable quality ? This will cost money to drill but probably needs to be done before project is "bankable"

    2. Technology - this is identified as the greatest risk in the BFS. Laboratory and batch processing do not always scale up into a full size continuous process at the costs envisiged [Cawse and Murrin Murrin for Nickel and the Magotty Alumina refinery in Jamaica are relevant examples]. The individual pieces of equipment may be standard but their are integration issues perhaps mitigated by having a PMC with liquidated damages to manage integration issues ?

    3. Market - This appears to be mitigated substantially with the 10 year contract to take all production

    Early days yet but could be good ?
 
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