RE:Allkem's Spondument Prices Tiger,
From the saem Q here is the update of their James Bay project (Quebec):
- Detailed engineering continues
- Engineering progress achieved 65% by the end of the quarter.. Procurement of mechanical process equipment, electrical equipment and mine mobile equipment are completed to 88%, 82% and 84% respectively.
- Hydro-Quebec successfully completed the installation of the powerline
PERMITING:
- Approvals by the Joint Assessment Committee (Federal government) of the ESIA were obtained in January. Comex approval (Quebec government and CREE Nation) of the ESIA, agreement of the IBA and procedural construction permitting remain in progress.
- Once permits are secured, construction will commence, and the Company will update guidance for first production.
I do not really want to start comparing their progress with CRE’s, but as evident their design is more advanced by CRE and they will start construction right after the permit is received. By the look of it even if their permit comes 1 year after ours, James Bay will enter production before CRE. They already got their power line, ordered equipment and CRE… well still CRE.