RE:RE:RE:RE:RE:AGM REPORTSorry for this amount of posts, but if I don't do this, I'm losing what I'm writing.
Next question: technology in lithium treatment is getting better or is there new technology? The guy was talking about the new Nemaska process, using "electrolyse".
Maybe I will say things that aren't exact, because I don't understand all the technology from each company : from what I understand, Nemaska made an evaluation of costs that are not necessarely cheaper than the costs of the process that will be used by CRE. They have a doubt about what Nemaska is saying from their expectations of costs and what will be in reality.
Lithium extraction is new in Canada, in comparaison of gold or iron. But the process (and costs) of extraction and treatment are well known, and this process will be used by CRE.
Nemaska is doubling the risks by using a new technology and the costs might be higher than the CRE process. Someone added that Nemaska will have transport costs, because the treatment plant is located in Valleyfield. Mr Meilleur was very enthousiastic and convinced when he was talking of Nemaska comparison. He added that another advantage for CRE is that they will not use sulfuric acid, no transport of dangerous products. The Cree community are talking of CRE as of an example in environment respect. One more thing about Nemaska but I don't understand well. They said that lithium market for the lithium type they are doing is of about 25000 tons and Nemaska will produce 28 to 30000 tons. What I'm not sure, is that I don't know if CRE have the same market.