RE:RE:RE:RE:RE:RE:RE:Where are the Capex & Opex? I too was a bit confused by the lack of dollar signs attached to yesterday's PR.
This is from CRE's May 17 PR:
"Following this successful lithium hydroxide process optimization campaign, Critical Elements will finalize its feasibility study for a lithium hydroxide conversion facility."
This is from their April 6 PR:
"It is expected that the results of the chemical plant engineering study will be released in the second quarter of 2022."
And this is from June 7's PR:
"Critical Elements looks forward to the results of the integrated Phase II engineering study, economic results of which may be incremental to the economic results of the Phase I feasibility study"
It sounds as though the engineering study and the feasibility study are two separate but obviously related documents, but who knows, CRE does not like to make anything clear and understandable for their shareholders. That's just not the way things are done around here. I do like the fact that the hydroxide plant is not tied to the rose spodumene. They have always maintained that profits from phase 1 would finance phase 2 but that doesn't have to be the case, just like Elon said, it's a license to print money so why not get started on it asap, if our crew knows how to make good hydroxide then go for it I say, we don't need a comex recommendation for that, still need a permit but it might only take 5-6 years to get instead of 12-15. The big question is, however, if the hydroxide plant does not use the rose spodumene, then where will it get its spodumene? There is and will continue to be an spodumene under supply for the foreseeable future. Once again, another CRE PR raises more questions than it answers.