the good, the bad and the uglyAll,
A number of points are needed here as in needed to be stated. There will not be a test. But a number of recent comments and questions from board members I think need clarification and sometimes amplification.
1. No, the 18 year mine life is not the result of the new drilling, those holes listed in the NR are "old" holes from the first sub surface exploration of the acreage commenced by CYP in early 2017. First drilling of lithium rich SE Bench of the Clayton.
2. No, the mining of the CYP and surrounding competitor acreage will not impact ALB, not one bit except that their ultimate brine recharge will be removed. Nothing they can do about that. Their see simple does not include control of the weathering of surrounding lands, as it turns out. Mother Nature vs. ALB would settled in the favor of her honor herself.
3. No, there will not be more than one processing facilty, at 300 to 400 million a piece, there only be one, the low grades will not stand it, one plant can work if Li prices remain strong.
4. Yes, CYP is in the very best postion on this SE Lithium Bench, no strip ratio, zero, that is big, and we have a good portion of the high grade core. there is zero chance of going aound us with a developemnt that would make us take terms from a first mover. Who ever we sell to will be the first mover. .
5. Yes, the iron issue has to be fixed. No doubt this is what is going on now, as a guess, it is our only fail on the chart someone posted recently. We much more information on this soon, as well as number of other vague areasa of the NR.
6. Yes, Capex is Important, I ask you, if you say the one who builds it for 500 million gets 100%. who ever said that, yeah ok I agree. But when it is built for 325 million then we get 175 million for our property right?, I use your math, in any case, that would be well north of what has been spent. Capex is very important to what we will get in a deal.
7. No, an 18 year mine life is not bad news, and the whole darn bench with the total huge lithium resource hopefully will eventually be mined at a profit. The trend seems to still point to electrification of mechanization as well as those mundane house hold oporations.
8 Yes, we get it that Noram and Noram are differnt, thanks.
Thanks for being bored with another re-hash but we are were we are.
Bob