GREY:NMKEF - Post by User
Comment by
Jabossson Sep 20, 2016 2:58pm
188 Views
Post# 25257336
RE:NR
RE:NRThe NR is about the mine survey and the amount of lithium found at the mine. This will give information about the lifetime of the mine which will help value the company. It has nothing to do with any offtake, that would be a very nice surprise to everyone. I suppose it is possible that they report that the survey results showed that the lithium content is not as much as expected or not as pure. However, we have received hints from PR that the survey has been going even better than expected and the last news release talked about them expanding their survey area because they found lithium in areas they did not expect (which sounds fairly promising). I guess we'll know for sure soon.
Also, how can any offtake be disappointing? They already have one more offtake agreement more than any other of the juniors (Johnson Mathey) and the offtake pretty much guarantees future sales so long as the plant is built successfully.