RE:plant jamstk, as per short form prospectus, here is the timeline of upcoming events:
March - August 2021: Setup pilot plant and operate for 1 month straight (24hrs/day processing 1tonne of claystone per day to prove out scalibility of extraction)
September 2021-March 2022: Preparation of definitive feasibility study (incorporate pilot plant results and prepare final plan for mine)
April -August 2022: Apply for Record of decision with BLM.
[Depending on turnaround time (let us assume 1-year)]
April - August 2023: Recieve Record of decision from BLM and begin construction on mine.
To me, with a little bit of patience this investment is a no brainer. We have water, we have little to no environmental or social issues, we have cash to get us through engineering design/preparation and permitting to construction phase. Management has laid out a path to production and has continually executed. They added new CFO who has experience in taking projects to production and also in selling them, and they plan to beef up the management team further with more experienced execs.
To add to that, I would think that given the current market sentiment, this is a great candidate for any investor looking to reduce their risk whilst staying invested. I know we are extremely undervalued and it seems like the market is waking up to it - no matter what the naysayers say... Commodities and metals should also do well over next few years given the current macro environment we are trading in.
Also, regarding our water; let me reierate that the previous flow rates required for the project's makeup water (2000gpm) were based upon sulphuric acid extraction, but the company is now exploring a chloride solution which we already know requires less water. However, in the ultimate worst case scenario (99.9% not happening imo) the pilot plant is a failure and we have to fall back on sulphuric acid extraction, we still have 1050gpm or 50% of what was needed, so at least we could run a mine at 13,500 tpa LCE and still snag 50% of what our NPV@8% is. If we go by original PFS with extremely conservative LCE pricing of $9500/tonne we are still undervalued by many multiples ($500m+ fair market valuation) but if we use current NPV pricing at $12,000+ we are nearing a $800m - $1B valuation... ALL I am saying is even if the chloride flops, this project just secured itself the ability to do everything Thacker Pass or Ioneer can do with sulphur but without environmental and social issues.
I will end my rant now, but this story continues to get better. The share price is not reflecting this, but I see it as an opportunity to add to my position, because when the mainstream media starts pumping headlines across your Bloomberg terminals and TV Screens that the world is suffering a lithium shortage, then we will be the ones happy we loaded the boat at $1.xx.
Cheers,
Rosebud