RE:RE:RE:RE:RE:Oh Mick...Yes I can laugh CanadaC, because I am happy where this project is heading (in the long term). Obviously you are not, that's your perogative, and no doubt that is why you are most likely NOT invested in this project. Which beggers the question - White Knight or Dark Angel? Why are you so anti positive views?
Now back to Phase 3 - why are you so hung up on this? Regardless of when it goes ahead, we know it's there and is part of the future. So give us a break and stop whinging about it. It is in the overall business model for the Corporation. Enough said.
With regards to your accusation of
Let's go back to Pallinghurst's money, since that seems to be the root of your misinformation. Well what can I say, except I am transparent and have a vested interest in this project (I'm invested in it), what about you? There is no
misinformation from me, just a view of the future, and an optimistic one at that. My heart is on my sleeve mate.
Pallinghurst, Softbank, Orion, Blackrock and IQ have not ploughed hundreds of millions into this project on a whim, they are professionals, so I do view their holdings as extremely positive. And they are well aware of the future growth plans, which would obviously take into account Phase 3.
Now refresh my memory, what is your agenda - ah yes it's the good samaritan saving would be investors from the nasty optimists. What a noble person you are....lol.... ;-)
Keep up the good work.... ;-)
CanadaCoin wrote: Nemaska's latest FS press release proved your wild assumption wrong [a Phase 3 expansion].....and you're 'laughing out loud' at me? :-) I would actually let this tread go, but I'm trying to prevent others from buying into your WA [Wishful Analysis].
"I cannot imagine Pillinghurst allowing all that money (additional production) going to waste for too long." And there it is......your rational for fueling your wild assumption!!
Mick, Mick, Mick.....Nemaska and Pallinghurst both stated that they came up with a high-end $600M financing solution, to be sure they had enough funds it get the project completed!! These available funds would only be called up.....IF REQUIRED!! Nemaska's press release clearly states a Phase 2, and a Phase 2 only. I posted a link to a recent article where Guy states Phase 2 and Phase 2 only is the priority. Someone posted a recent interview with Guy that was suppose to back your wild therory of an expansion plan, but in that very same video....Guy definitely stated "Phase 2". What is it going to take Mick to get you to let this go, and not mislead the readers here?
Let's go back to Pallinghurst's money, since that seems to be the root of your misinformation....
The annonced shortfall was $375M. Calgary, I and many others stated that this shortfall will not be the last. Well guess what Mick, the Nemaska FS update now states that the shortfall is $468M. Nemaska kinda buried it a little bit, but a simple subtraction exercise reveals it. Even the Analysts caught it. So of your [Pallinghurst] $600M.....$468M is already earmarked. That only leaves $132M to get them through all the remaining risk factors. Pallinghurst knew the revised figure of $468M when they agreed to the worst case scenario of $600M. For this information freely flows back and forth between Nemaska and the Study author.
And why are you so stubborn, that you cannot accept that every mining/processing/refining expansion must go through the proper economic channels and compliances?? Have you ever heard of NI 43-101? It's in place for a reason. It's there to protect financiers and investors.....even though it is now failing the public, it is still mandatory.
Nemaska has spent the last eight years going throught various levels of economic studies, and financing....so they could produce 37,000 tonnes of lithium. And according to the first FS [back in 2016], this is the year [2019] that they were to be fully commissioned and hitting nameplate production if you can believe that. Delays are the norm. Phase 1 was delayed. Phase 2 continues to be delayed. And your infamous Phase 3 will have to go through the same norms if it wants to prove to the market that another 20,000 tonnes/annum will indeed be economicly viable. And without a doubt....it will also be delayed. History has proven this to be so.
You can laugh all you want Mick....but you truly need to grasp how this sector works.
mick1888 wrote: lol.... CanadaC.....fantasy timeline, just like my FS wishful thinking.... ;-D
I cannot imagine Pillinghurst allowing all that money (additional production) going to waste for too long. Think they will be keen to ramp up when the lithium price is right (2023 onwards).... ;-)
CanadaCoin wrote: mick1888 wrote: Lol...CanadaC....just means I've got lots of good news to look forward to in four or five years time.... ;-)
CanadaCoin wrote: ....no Phase 3 expansion?
Wow, you were expecting your Phase 3 expansion [57 tonnes/annum] in this latest FS and now you have quickly moved it to four or five years out. :-)
Sorry but even that timeline has been bumped out with Nemaska's latest update. Here is your
best case scenario.....
Late 2023 - Phase 2 fully commissioned and meeting 'nameplate' production capacity
2024 - possibly announcing a Phase 3 expansion. And if so....
2025 - PreFeasibility and/or Economic] Study completed
2026 - Feasibility Study completed
2027 - Finanancing completed and [expansion] construction begins at both Shawinigan and Whabouchi
2028 - Initial production and commissioning begins
2029 - First full year of prodution at increased production ratre
If all goes well! :-) Sorry Mick, but I really don't know what your next stock rallying catalysts are for the next 4 or 5 years....except to get that 37,000 tonnes of lithium producing, on time, and on budget by the end of 2023! It's going to be a long drawn out four years for you I'm afraid.
Note: just because the exsiting Shawinigan Plant has square footage to increase production [as you say]....does not mean the company can bypass the standard formalities listed above!
Another note: Whabouchi will have to undergo a huge expansion itself, in order to supply an increased amount of concentrate to Shawinigan. From the current rate of 205,000 tonnes, to your proposed rate of 316,000 tonnes. [It takes 5,541 tonnes of concentrate to produce 1,000 tonnes of hydroxide] It will cost $448M to build out the Whabouchi mine to produce 205,000/tonnes per annum. What do you think it will cost in ten years time to add another 111,000 tonnes/annum? It will cost $821M just to produce 37,000 tonnes of hydroxide/annum. What do you think it will cost in ten years time to produce another 20,000 tones/annum?