RE:RE:PEA Nov 2024 / partnership Q1-2025This timeline comes from listening to the various podcasts where management speaks. As a long term investor and not a daytrader I can follow the project more easily than others.
My goal is to sell when BUYOUT occurs, not before.
The result for the PEA is not very difficult to estimate. We have LAC next door which already has done a PEA on their property and NPV of their asset.
Our property is better than LAC, it is more shallow, thicker grades, easier to mine, which costs estimated OPEX at $ 5,000 to $ 6,000 per ton LCE, which is 30% better than LAC. It might even go lower.
Our deposit will dwarf that of LAC therefore our NPV will be much higher than LAC and more lucrative.
MOST of the buyouts occur when PFS study is completed, we will have MULTIPLE OFFERS as there is literally no one left in lithium mining at these prices.
The BFS will be done by the buyout company.
In terms of financing, EVOLUTION owns 75% of the private lands, it is a BILLION $$$ corporation. Without spending a cent, they are sitting on a MASSIVE DEPOSIT of lithium on their property.
Evolution will be motivated to make a deal with NILI cause they want to cash in along with NILI.
Most of the negotations will be ongoing once PEA is in with plan of operations.
Deal will be structured like GM deal with LAC, a percentage of profits to Evolution and rest to us, in exchange for $$$$ starting with $ 30 million in 2025 for infill drilling.
Good Luck,