RE:RE:While in Quarantine, Something to ReadPapino0 wrote: Why spending on holes when it would change nothing to the project ? For my part, I think austerity is key until the market improves, we don't know when or what will happen, so why jeopardize our sustainability ( money ) with something useless ? The PFS is needed to respect the timeline so i would only focus on that, cash on hand could even be a better lever during negotiation than ressource, wich we already own more than enough for 2 or 3 other projects !
Agreed.
It will take time to build the ponds and with an agreement there's money for drilling (a few only) production wells simultaneously, there's time for that activity.
What happened to LAC (short of cash) will not happen to Waldo again.
Not having financial reserves is the main issue these days and I believe that we've got more than only to the end of this year, while pressure on producers is building up with time progressing.
Any future partner will have to weight financing cost against coming just a bit too late to market.
Is a "fair" deal worse than a "good" deal, while missing one year's production against a price difference of say $4000/t?
We don't know the actual specifications of purchasers of our product, but we do have two compositions of battery grade carbonate (BG).
Do customers require 0% boron, we've got a solution, do they want very low calcium and sodium, we've got one for those as well.
A third process, resulting in yet a different composition (BG), would be welcome.
I believe that the final feasibility study will be a formality only. Being so close to an agreement means that the partner has been convinced on financial/iechnical/product issues.
SARS-CoV-2 has thrown a spanner in the works, but it will not stop the electrification of mobility. Stick to your social distancing, stay safe and try to
have fun.