RENASCOR RESOURCES WKN: A1C9A9 ISIN: AU000000RNU8 Kürzel: RU8 Forum: Aktien Thema: Hauptdiskussion
Sehr gutes Statement von Bombersmadd zum Thema Graphit Pricing: A few things to point out regarding the opaqueness of graphite pricing is that there is no spot price for graphite, there is no spot or futures markets for graphite. By definition, when you view graphite pricing on Fastmarkets or Benchmark or AsianMetal etc, they all represent a lagging "Average Contract Sales" price over the previous period i.e. 7 days (Fastmarkets) or 1 month (Benchmark). If we were to take a look at Talga (TLG) who signed an anode material offtake with ACC last month, they agreed to a floating price mechanism that will make reference to market published pricing.  As Renascor will primarily be selling Purified Spherical Graphite, I imagine that our Binding Offtake Agreements will be based on a formula that references the feedstock flake prices (-100 mesh & +100 mesh), the published PSG from a reputable reporting agency (Fastmarkets, benchmark etc) and potentially the further downstream coated anode price. The exact pricing formula will never be released to the public as it is commercially sensitive, but as long as it is "Floating" or is based on a formula that "References Published Pricing" than that allows for the company to benefit in pricing appreciation over time I would note that even in the lithium world today, the Gap Between Spot and Contract (As Lithium has a spot market), has closed over the previous few months in particular. What was a 40-50% differentially in Battery Grade LiCO3 & LiOH, is now a ~10% differential   In regards to your Potential EBITDA / DCF Model you have going, alot has changed since the 2020 Study was published in the battery minerals sector that will underpin the soon to be released DFS / BAM Study 1) No doubt inflation will have an impact on various cost assumptions (this is just reality that things cost more today than they did 2 years ago) 2) I anticipate that Stage 1 Production will far exceed the previously announced 28Ktpa of PSG (Which will then be further expanded in Stage 2) Why ? Well overall recovery at the PSG facility has improved from 50% to +65%, for the same throughput tonnage, you are going to end up with 30% more product on the backend   3) The overall throughput into the plant is likely to increase in Stage 1 aswell, which combined with higher recoveries equates to a significant increase in PSG Production. The combination of these 2 factors means that the $1,200/t to convert from Flake to PSG will likely decrease (eeven after accounting for Inflation)  I am sure there are a number of people very eager for the company to release the BAM Study in the not too distant future, as it will allow us to run our rulers over the assumptions and production metrics of the project, ultimately leading each of us to determine what the value of Renascor will be in the future when in production
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