GREY:NMKEF - Post by User
Post by
Mookster3on Oct 10, 2019 7:10am
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Post# 30215778
The Wabouchi mine
The Wabouchi mineSpending big money to complete the Wabouchi mine at this juncture is just crazy. The world is currently awash in spodumene concentrate, so Namaska can source their spodumene feed from somewhere else; North American Lithium, Australia or where ever. Available funding should be directed solely to completing the Shawinigan plant, as that is where the money is. Once they have demonstated that the plant can produce commercial quantities with 75% margins, then they can think about going back up and completing the Wabouchi mine. If fact they may already be going down this route, as they just reported that over the past summer construction season, minie completion was only advanced 2% from 53 to 55%.
The Mookster