GREY:PLUUF - Post by User
Comment by
Y93H1979on Oct 25, 2018 6:42pm
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Post# 28874758
RE:Ulises Solis seeks a meeting with Walter Aduviri
RE:Ulises Solis seeks a meeting with Walter Aduviri
Thanks for the info Juan, your contributions to the board are much appreciated. Mr Aduviri sounds like a typical politician to me, more so than a radical idealist. From what you've posted it sounds like he wants the project to go ahead, but he's just holding out for a bigger slice of the pie. At least this situation doesn't appear to be like the situation Berkeley was facing in Spain. I almost invested in BKY... It still sends shudders dwon my spine thinking of that situation. That is real left wing radicalism.
As long as there are no disuptions to the exploration and engineering processes, I will be happy. I don't for a minute think that PLU is going to be the company building the mine. It's getting bought out before then.
On another note, it appears they have pushed back the release of the PEA. Initially after the resource estimate, they mentioned a much earler PEA release. I think they have opted to include PFS level metalurgy in the study, as this will be the determining factor in costs and feasibility. They want this to be as simple and straightforward as possible, and for the product to be as pure as possible. That will be the determining factor in the value of the project. There are multiple Li companies out there with massive clay resources at PEA, PFS and even BFS stage that have no interest from majors. Metulurgy and processing is what is going to be the determining factor