RE:Great results but They've been talking about fielding lots of phone calls. Let's say this change of plan has at least in part been driven by some proposed deals/agreements. How would the timing of these things work. I'm expecting deals wouldn't make sense until they had the PFS on the table. Is that right? Any deals would come with or after the PFS? Any chance before? Presumably the PFS opens up the company to further sources of funding (banks etc), could there be players who want to get in before FL have more options?
I guess there doesn't need to be solid deals brewing, I guess just selling into a lithium hunger market atm looks attractive all by itself. Anybody have any thoughts how deal making fits in to the run up to PFS and beyond?
ridethewinners wrote: The best news is the decision to do a phase 1 plant and get revenues earlier. It will still be likely 2025 before any revenue happens but the prospect of not waiting for all the financing and risk of a chemical plant is great. This makes financing easier, shortens the risk window and would allow for a series of offtake agreements, especially with the likes of Corning.
This is the pathway I had been hoping for all along, and with the recent Li prices, it makes the most sense. Now a revenue model can be built, and I hope we will see some analyst guesses shortly.
The Walker family are not chemical engineers, but they do have experience and resources for extraction, this is what they are known for and good at. Juniors are always a lot of waiting, but q1 seems reasonable to clarify a lot of plans and get some traction.
Best of luck