GREY:NMKEF - Post by User
Post by
phantom666on Jan 09, 2020 2:39pm
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Post# 30535665
Even Gab Friedman
Even Gab Friedman
of the Financial Post can't get the story straight! The cost overrun is pegged at $375m not $600m. I quote "cost overruns created a roughly $600-million funding shortfall". Pallinghurst is negotiating with NMX to first start out with $200m with the hope that the other major stakeholders with divvy up the rest. Pallinghurst had offered up to $600m....Everyone forgets that NMX changed plans in the middle of construction to process the majority of Lithium concentrate into Lithium Hydroxide.... That meant re-engineering, updating blueprints, adding more equipment, electrical, piping, etc. etc. There goes a cost overrun.