RE:What is it with the share depreciation??
We have been talking about this a whole lot. The bridge and road are far along in the process. There are many jurisdictions involved that have had to give approval and environmental assessments that have had to be signed off. The road goes across land of many ingingenous communities and they all have been involved. Even if FL had limitless cash they cannot just ram in a road and a bridge where hey want it, unless the provincial government or national government would make that happen as a matter of national interest. In the meantime, the process is far alonmg, the bridge and road are designed and engineered, the sign offs are mostly doen, there are a few more environmental reviews. The last step is for the provincial government to provide the cash and for construction to begin.
Menawhile the power to the area is much further along. In fact FL is buying the construction camp used to build th epower line and they will use that as a support base for the mine construction.
It will all come together. But they need ready access to capital, not for the road but to build a mine and the processing plants, first for concentrate and then for chemical grade lithium hydroxide. That will take some kind of partnership, or else sale of the project to a big miner. They want to retain control of the project as a Canadian entity.