CRE's Rose deposit more valuable because of this.
https://www.kitco.com/news/2019-12-27/Lithium-miner-SQM-considering-options-after-environmental-court-ruling.html This ruling says SQM should be PROSECUTED becuase of it's disregard of the cummunities need for water and it's OVERUSE of the Atacama desert's water. This CRE board has been following the atacama mis-use of water by SQM for years. Water in the Atacama is literally a life and death issue for inhabitants of the desert. For years residents have been screaming about this AND evaporation ponds of SQM have been SINKING into the ground as the water table has been progressively drained by SQM. This has been physically visible to SQM for years. SQM management has been questionably assuring everyone NOT TO WORRY. It is likely that SQM management will be sued by stockholders becuase of this mis-representation by SQM. So SQM likely faces BOTH criminal and civil charges.
The $400 mil SQM LI production plan will likely have to be scrapped AND this number 2 LI producer in the WORLD may cease to exist.
Who holds HIGHLY pure LI in an environment of plentiful water ? Your company CRE THAT IS WHO. Thanks to JSL we do not have NMX type business problems and thanks to nature CRE in Canada does NOT have a water problem.
This is a big big decision, VERY favorable to CRE PARTICULARLY as need for LI increases dramatically.