RE:Heating UpI like the company, and hold a small position, but lithium prices have tanked over the last couple of months, and 72-74 mg per litre needs to be shown to be economical via a PFS, no? i haven't found any comparables out there, anyone else? $600 million for the 1st plant is a lot of cash, but nothing in comparison to the returns if the PFS is good. Does anyone know what impact the oil and gas will have in the brine? Can they just burn off the gas, or do they have to capture both? I just listened to the webcast, and that aspect of the project was sort of brushed over. I was expecting some comments on co-gen opportunities too. Some wells in Alberta are doing co-gen, to generate electricity from the heat coming off the well's fluids and selling it into the grid. Chris mentioned the heat possibly being used by nearby consumers, but no co-gen. I think that could be a big win. Does anyone know anything about the engineering firm selected for the pilot, Scovan? They look like they have 50 employees and around $25 million in revenue. Are they pretty good? Can they handle the pilot?
There are a lot of variables in the air. Some ups and downs can be expected until then, as previously stated. So far, so good. Good presentation Chris!
Shackle12 wrote: LITHIUM is heating up and E3 getting ready to blast off. article in the G&M
"China’s long reach into Canada’s battery minerals industry"
IMHO...we are going to see the SP fluctuate for the next few months, up a day, down a day, slowly working towards 3 bucks until near operations of the pilot plant gathers steam then its off to the races.
wish I had that truck to back up.
GL longs and as always DD advised