RE:Key Takeaways from this afternoon's webinar...A couple other takeaways for me.
- the last of o/s warrants expire next week (Feb.8), then there will be zero warrant overhang, so could translate to less selling of shares to pay for the warrants.
- Cash balance was $16M + as of Dec.31, this before $3M+ comes in from the Feb,8 warrants, so cash balance should increase to almost $20M. Then C3 can claim for costs back to Aug2021 on the SIF grant, so another $3-4 million expected from that. Absolutely no worry about capital until well into 2024 when they approach commercialization. Sometime well before then IMHO we can expect suitors to emerge, one or more off-take clients, who might be prepared to advance the funding. Reference the $650M deal that GM has recently done with Lithium America's to secure lithium supply.
- Chris indicated that E3 has a group dedicated to communications with potential off-take customers so IMO something could emerge from this effort AT ANY TIME during 2023.
Maybe even a buy-out suitor? Somebody is sure to take notice of E3's massive reserve and use their calculator.....
It's all great IMO. E3 continues to progress their initial project; I just selfishly wish things could move faster on the field pilot plant to prove scale-up of their DLE and get samples out to clients. No question though that 2023 is going to be an exciting year for E3 and shareholders! GLTA longs!
Bookworm28 wrote: - Expect to see a resource estimate in the measured and indicated category by end of Q1 = Good.
- Expect to see a PFS by year end = Really Good.
No answer to my question about competition. The webinar had too many questions. Also a good sign.
i'm a bit concerned about competition, given Controlled Thermal Resources, and EnergySource, two private companies in the U.S., are well on their way to producing a lot of lithium:
https://www.cnbc.com/2022/05/04/the-salton-sea-could-produce-the-worlds-greenest-lithium.html
And Warren Buffet's in on the action. BHE owns 10 of 11 thermal plants in the area.
If ETL can get the 24M ton into a PFS that demonstrates economic viability, we'll be off to the race$.