Post by
RAFFL007 on Mar 16, 2023 2:35pm
Do we need more drilling? Can we move forward?
I remember in 2018 when FL did a PFS with 18 MM tonne of Li and a mine life of 17 years was financially viable......now we have 58MM tonne of Li in with we have 36MM tonne in the infered category.......in the 2021 PEA we had the same conclusion with 24MM tonne of Li.....
Do we need to continue drilling ? Absolutely, but at the same time we need to move forward......to have someone that as been in construction - operation in the past. Do we have that person on board? Yes....absolutely in Marc Boissonneaut.....can he make it happened? Yes......
We have enough tonnage of Li to move forward for at least 20 years......so let's get the financing in place - a potential partner if required - But we need to move forward!
We have the quantiy and the quality......
Comment by
RAFFL007 on Mar 16, 2023 3:45pm
Sorry 24MM tonne of Li Measured and indicated and 32 MM tonne Infered.... An Inferred Mineral Resource has a lower level of confidence than that applied to an Indicated Mineral Resource. An Indicated Mineral Resource has a higher level of confidence than an Inferred Mineral Resource but has a lower level of confidence than a Measured Mineral Resource
Comment by
nmosfet on Mar 16, 2023 4:10pm
Would say 100MT is the milestone FL has to HIT for some backend deals.. is my feeling.