RE: PEA - Water and Environment Issues I have just read the PEA as well and am not that negative.
1) There are no environmental issues existing or anticipated that could materially impact the
ability to develop the Taca Taca mine. (p15)
2) A water supply and water balance analysis were completed for the Project. This analysis,
supported by metallurgical test work using water with varying salinity levels, derived a
processing make-up water flow sheet comprising a combination of high salinity water from
the neighbouring salar, fresh water derived from wells, and desalinated brackish well water.
Conceptual design, capital and operating costs for the construction and operation of a water
treatment plant were completed for the PEA. Based on the current studies, the processing
water flow sheet shows that there are adequate sources of water available for the Project.
Additional prospective areas have recently been identified near the Project that may be
sources of additional fresh water, which could further optimize the process water flow sheet. (p16)
3) The Qualified Persons of this Technical Report are unaware of any other significant factors and
risks that may affect access, title, or the right or ability to perform work on the property. (p29)
This report has been written by an independent agency. If there would be things that could harm Lumina, they would tell them. At the end of the report you can read all risks and indeed there are risks. But every project of this size has its own risks. I still believe that this a world class deposit and that we will get sold.