RE:New interviewWorth a listen. Touches on Steveville, Climax conventional and Nazare, Ogema, Val Marie.
Does say they are going to build a smaller second plant to produce helium from climax conventional wells later this year (smaller gas production but higher concentration of helium so will produce about the same amount of helium.
Still hope to move plant to Steveville site late March or early April and produce in April or at least Q2. Talked about the animation. No manufacturing pictures released yet but the plant "is starting to look real". Did say they will not produce CO2 at first. That is a bolt on module, would have delayed helium production to wait for that. Will start with helium and add CO2 production later.
Explained rights offering as part of th efinancing deal. Banks required them to have a certain amount of their own money in the plant build before releasing the 17 million. Was surprising that that deal is not final, still has to be signed off on - hopes that will happen by end of January. Need a committment letter. That is a little tight timeline since the video is from January 17.
Good interview but Andrew not pushed enough on time line for Stevville plant or on engineering. Except that CO2 module won't be ready. Hope banks are not including that in their cash flow to coverage projections. Most detail about the engineering is that the "facility is top line". That is not exactly reassuring without more detail.
Andrew is exactly right when he says that when production comes on line and sales begin, the share price will come up. That is the point I have been making. He did not add the corrolary that if prodcution is delayed and delayed (as happened to Desert Mountain) the share price will cme down further.
Almost got a little nauseasted when he threw in a little promotion about the lithiun brine at Climax and how it is nice to use everything they find in a well and maybe there will be a Royal Lithium separate venture. Did not mention that lithium brine projects are complex, not working that well yet, and barrier to entry for a lithium brine operation is about half billion dollars.