RE:RE:Thanks God!
britishracer wrote: This new development just postpones the real construction of the actual commercial plant. Looks to me as a project to keep staff busy and investors distracted while lithium prices are in the tank. I seriously question the necessity of this demonstration plant. Everything that the needed to achieve to prove that DLE is a workable process for their brine was achieved last summer/fall with the pilot. They were able to provide sample product to potential clients/partners, so why that mini demonstration plant??? I suspect that this price rally will die down when investors realize this.
I too am wondering this. Is this "demonstration plant" not a repeat of last year's? Is this to wait and see how the US election plays out?
And what exactly is the cost of this plant? How is it being fully funded? $5 million is a drop in the bucket.
The good news is the AB government is acknowledging the potential here in a meaningful way, albeit minimal.
Chris needs to explain the purpose and cost and how it affects the timeline for the overall project.
GLTA