Galaxy Resources - James Bay ProjectGalaxy Lithium on June 18 completed their second round of questions and submitted them to assessment agency with agency responding yesterday. They are now ahead of us in the permitting process.
In their response the section "Purpose of project" contains this little gem:
"It is true that the only project authorized in the James Bay Territory faced financial difficulties. Nemaska faced serious technical and financial problems during the execution of its project, which left the company in difficulty. GLCI has reviewed information on Nemaska in order to avoid repeating the same mistakes in the management and execution of its project. The deposit mined by Nemaska is still a high-quality deposit, with nearly 40 Mt of measured and indicated resources at 1.4% LiO2. The other project under study is a smaller deposit. Their web site mentions 26.8 Mt of indicated resources at 0.85% LiO2. This is a low-grade deposit. The Galaxy project deposit is a high-grade deposit with very good potential, approximately 40 Mt of indicated resources at 1.4% LiO2. GLCI is confident that its project will come to fruition with good profitability.
So why am I singling this out, Galaxy felt it necessary to bash our project to the Assessment agency responsible for permitting decisions.
Implying our project does not have good potential but theirs does and also Nemaska is "Still a high quality project", The kick in the teeth is that report was prepared by “WSP” the same consultants leading and preparing our permitting application.
If I were JSL i’d be livid, we have been paying WSP for years to prepare our application and this is the level of professionalism were getting from them.
JSL - where are you?