Post by
Mookster3 on Oct 18, 2022 8:02am
Tanko on board with Grid to increase lithium production!
Great news that Tanko has now formally announced their intention to collaborate with Grid on getting the Donner pegmatites into production. Tanko’s involvement removes the necessity of financing and permitting a mill and tailings facility, such that it then becomes essentially, a quarrying operation, with a crusher as the only processing equipment required. The pegmatite would be trucked down the road to the Bernic Lake mill, while the wasterock could potentially be put through the crusher and developed as road aggregate for support of construction activity at the Makwa-Mayville project next door, or sold into the Winnipeg area market. With all this exciting potential, seems insane that Grid still only carries an enterprise value of $17 mm (mcap 165mm so @ $0.19, minus $14 mm cash). Also, check out the new corporate presentation, just updated; It’s going to be a busy fall!
The Mookster