RE:Honest questions for debate The March 2, 2023 E3 newsletter listed markers E3 hope to achieve during 2023. In that newsletter, E3 stated that they hoped to have PFS completed by 'end of the year'. Based on recent CEO statements, I now understand that the PFS will be released in Q1 2024.
My memory is that the November 2020 PEA anticipated $ 600 million costs to build the plant. The pilot plant did not cost much to build and exceeded flow rate targets, which would lead one to believe that
the commercial plant need not need such huge pumps to operate. Further, the price per lithium is currently trading at about $23,500 USD per tonne rather than the $ 13,500 USD. used in the PEA study.
Given all the good news being generated by E3, I expect nothing but a glowing PFS.
As such, I am prepared to wait a few more months for the study to be released. E3's stock price rose considerably on the release of the PEA in 2020: I expect the same when the PFS is released in 2024.
In regards to the share price, I hope the stock to move up to the $5 - $6 range.
As you correctly noted, E3 will need to raise capital to build the plant themselves (dilution) or partner with another company (who will want a share of the plant revenue).
I expect E3 to start looking for a partner after the PFS is released but that is just speculation.