Nemaska Lithium Inc NMKEF

RE:RE:RE:so speaking of reserves and resources ...

[Qbit]

makes a lot of sense, but last year the timeline said financing 100% booked 1st quarter 2017 after a new FS. we went from that to no new FS right away and financing booked only 3rd quarter-ish. is this only due to management being way off on estimating the time it takes to put this in place or did something change along the way? maybe they didnt get the favorable terms they thought they would for debt financing? if theyre not locking down the financing aspect right away there has to be a reason, but what is it?

stizzy wrote: I'll hazard a guess. Timing.

A PFS or FS proves or disproves the economic potential for a project. It determines feasabiliity to move forward or not. IMO we are way past that time. Guy said last year their current FS was sufficient for any financing. My understanding: he thinks the spend/time required at this moment isn't worth the expected benefits: i.e. Doris. The 3d models made show her at maybe 20-25% addition,which is good, but not enough to make a meaningful difference. This is a lithium production race. The runners goal now is finish as fast as possible and maybe be asked to join a larger team along the way for quality/performance. No saavy runner would stop mid race to comb their hair, get their shoes appraised or get time trial results. Save your time & money. Grab a Gatorade cup of $50M equity shares to boost you through this segment. A few steps closer. Production finish line in sight. Eye on the prize. You can introduce your ugly cousin Doris to everyone after the race. She's not that hot anyway.

Qbit wrote: i REALLY f*cking hope that they use some of that money they just raised to make an updated feasability study and have the decency to follow up and inform their shareholders on Doris. were waaaaaay past the due date on that one.

timeoutofmind wrote: i guess the vast untapped Doris reserves just disappeared. did the geologist make a mistake ? 

did someone steal Doris ? 

did they mistake sunflowers or geraniums for lithium ? 

they don't think the Doris field is relevant ? 

anyone ? care to hazard a guess ?