Nemaska Lithium Inc NMKEF

Nemaska Lithium Inc is a Canada based lithium company. It is engaged in exploring and evaluating lithium properties and processing of spodumene into lithium compounds in Quebec, Canada. The company supplies lithium hydroxide and lithium carbonate to the lithium battery industry used in electric vehicles, cell phones, tablets, and other consumer products.

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Nemaska Lithium Inc

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Comment by Qbiton May 30, 2017 5:25pm

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Post# 26302827

RE:Financing

i might be wrong but my understanding was that the 500 million included the phase 1 plant, so last summers financing should be counted in that 500 mill. id have to check to make sure though, not 100% confident.

QuietWater wrote: How much money do they realistically need for a mine like this?
- Nemaska camp upgrade (since the mine is already there) - $2 million max
- Crushing plant EP - $25 million, C another $15 million
- CAT haul trucks - $60 - 100 million
- ABB contract (power lines, substation, MCCs, control centre) - $30 million, C $20 million
- Conveyors - EP $10 million, C $5 million (crusher close to ore)
- Road construction - E $30 million C (assume just use local aggregate) $30 million
- Chemical plant - EP $40 million, C $20 million
- Project managment - $25 million
- Legal, overhead, contracts $25 million

Pre-engineered building construction (facilities at Shawinigan) are no longer required, and some apsects of engineering have already started (assuming they are making things modular to just copy current items muliple times)

I seriously do not see this being a $500 million dollar project. Am I missing something here? I think there is closer to $350-400 million left to raise, not $500 million.