Post by
Margin321 on Nov 10, 2023 9:05am
2 million is good
But they need tens of millions of government funding for Beren's River bridge and all season road.
And they need 100's of millions to build out mine a spodumene processing facility. That has to come from some sort of JV. It cannot be rraised from share sales at this price. And it cannot be borrowed with current interest rates and tight creditt markets.
Comment by
Larder111 on Nov 10, 2023 9:21am
1 step at a time Rome wasn't built in a day. Native indigenous people need that road and bridge to get to their communities and I'm sure there say means alot also.Time will tell the story.
Comment by
Margin321 on Nov 10, 2023 10:12am
Every little bit helps I guess. Two million for lithium processing research will not quicken the pace toward a mine. Nor will it help with the plant for spodumene concentrate production (on mine site) which is the output of phases 1A or 1 B (at double rate if bridge and all season road are built).
Comment by
Margin321 on Nov 16, 2023 10:20am
Rome was not built in a day, but the Romans could build one road and one bridge in a lot shorter time than the 10 plus years that this project has been in the planning stages.
Comment by
RAFFL007 on Nov 20, 2023 8:30pm
lithium prices world wide does not help.....but at the same time it will weed out the weak juniors with low concentration of Li
Comment by
Margin321 on Nov 21, 2023 10:37am
Just hope it doesn't weed us out. Or lead to a sale at a fire sale price. Hard to believe that the Beren's Bridge and road project (shovel ready) does not get funded.
Comment by
RAFFL007 on Nov 22, 2023 8:49pm
it will get funded....too much is in stake....
Comment by
sfct1978 on Nov 22, 2023 10:07pm
Hopeflully before FL has to take a low ball offer from a partner and/or financing to dilute current shareholder values...