Post by
zorsofstesab on Mar 04, 2019 8:09am
Ask Alex Holmes
If I was asked a few months ago what keeps me up at night I would have said: (1) our lithium project is unique, so what do we need to do to demonstrate it’s not that unique, (2) does it have the potential to be ranked high globally for scale, margins and strategic appeal (what the OEM car companies ultimately look for in our view), (3) is it permittable, and (4) is it financeable. These are interconnected really, (3) and (4) go together, and tie in (2).
I can now confidently say our lithium project is permittable (community and central government support are key - we have both), Peru is a mining nation, we're meeting with the new regional governor (supportive of economic development in the region by the way) which was seen as an unknown quantity late last year and we are working diligently to continue building that relationship. After a few meetings now, we can say he recognizes the positive impacts we have made being present in the region the last 10 years - presence and continuity can't be under appreciated. Of course, the market is probably looking for a statement from him to counter the blogger commentary and in-country press (which I can tell you without a doubt is good at spinning stories). We're aware this would be good.
Comment by
juanPeru on Mar 04, 2019 11:57am
Interesting, that explains why Aduviri hasn't talked about lithium since January 19th, whe he made just two statements: 1. "lithium cannot be exploited until they have the necessar law", obviously refering to the "required" uranium legal framework 2. "a referendum must be held including all the population in Puno".