RE:RE:Today's CYP press release That's sounds right, jicoop. And the news release also says that these studies will take 3 years. That sounds like a major step backwards and that their acid leaching process is not so good or economical after all. This makes me think that there is not going to be a pilot plant for about 3 years. If true, SP will slump, all else being equal and if they have no other irons in the fire. Hopefully they secured government funding for the Pilot Plant and will build it and make improvements along the way. All in all, this is a worrisome news release. We need an announcement on the Pilot Plant to clear the air.
jicoop wrote: reads to me like a setback . possibly potential partners not happy with the current proposed extraction and processing methodology, economics not good enough . think we will drift here for a while yet, read this statement :
Todd S Fayram, Chief Metallurgist for Cypress. "Successful completion of either project will allow for more efficient utilization and lower cost recovery of lithium including from the claystone resources in Cypress’ deposit in Clayton Valley, Nevada”.