Predictions from a realist who is long.
Some, perhaps many, will be pleased to learn that this is my final post on this forum. In adieu, here are my predictions:
1. The FS numbers (at least) will be out before June 30, 2017.
2. The CAPEX will be marginally better than PEA2 but still over $900 million.
3. The OPEX will be more of an improvement on PEA2 than the CAPEX.
4. The NPV, annual cash flow, IRR, etc. will all be an improvement over PEA2, perhaps only marginal, but still very impressive.
5. With the announcement of the FS numbers, the share price will get a bump but not as dramatic as most of us hope.
6. If MS wants to do all of the initial financing through debt, it's going to take a little longer than anticipated, which explains the recent financings to keep the company afloat.
7. If all or part of the initial financing is done through equity, it will happen relatively quickly but the dilution will be painful.
8. Whatever way the financing is structured, the new institutional investors will extract their pound of flesh to the chagrin of the smaller investors who have been in this for a considerable amount of time.
9. A scandium off-take agreement will not happen until after the mine begins construction.
10. The Elk Creek mine will get built and this will be a great long term investment.
With that, I wish almost all of the longs the very best with this investment, and I forgive you for everything I've said to you.
WS
