RE:Follow The Money Investor Group Podcast Life Span
- 16 years per the PEA
- The deposit remains unbounded (or open) in 2 directions, South and West
- 'Wild cat drilling' a kilometre to the west of the deposit (used for the PEA) they were still hitting boron exactly where they expected to see it, suggesting it is still all part of the same deposit
- Several hundered metres to the south showed the same results, implying the deposit is much larger than what the PEA demonstrates
- 'Back of the napkin' math suggests there is easily another decade or more of mining potential in the south and west but more drilling is required
Financing
- Osmose is the strategic funding partner
- They have commited 22 million Euro, taking care of the equity piece
- 62 million to build the mine; 75% to be financed
- "WE ARE EXPECTING THE FUNDS TO START FLOWING IN IMMINENTLY FROM OSMOSE"
- "There will be no further captial outlay from Boron One between now and the completion of the construction of the mine"
*** Stay Tuned ***