Shareholder MtgQuick debrief :
- We have a solid, 40 year+, low cost, zero risk investment in Minera Exar. Reserve is deeper than expected... more info in six months.. Phase 2 will leverage Phase 1 investment in plant and will need to spend on more ponds plus 30 more employees.... with Just waiting for Chinese Gov't to provide Gangfeng the go to send $$ out of the country. Everyone is onboard and funding closure will be a go in a few weeks max. Permits, water, blah, blah all good.
- Belief is that Nevada is massive and the largest resource in Northa America... Challenge is clay. Work will focus on finding a cost effective extraction technology to get directly to Lithium Hydroxide... Sounds like a bit of a science project more than a mining project. If and and when this is done financing etc will all follow. Any benefit from Nevada will be 100% incremental to current share price, so not a drag on our current valuation... Work is going on but clearly Minera is the focus
- Not much on RheoMinerals.... they are simply happy with any cashflow it spins off. No numbers stated
- What I really appreciate is that these guys are bright and measured. Bottened down and zero hype. Numbers built into the study are very conservative ... ie capital costs have a 15% contingency... They will work to ensure the majority of costs are fixed
- Very little coud happen to send this program sideways.... we have an excellent investment and will be rewarded over time
My Read