Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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I just Re-read it...
"Detailed Engineering Design
As previously noted, the Company intends that the THREE PRIMARY PARTS TO ITS PRODUCTION CIRCUIT will be DELIVERED in the following timeframe ... till end of H1 / 2020 !! ... do they mean the design / paperwork or the really the machinery ?
A very positive RNS.
Bacanora CEO Peter Secker said "Recent research reports predict the lithium industry would need US$30 billion in investment in upstream capacity to meet its forecast of 1 million tonnes of supply by 2025 (a threefold increase on current levels). In order to secure funding, any new lithium project needs to be low on the operational cost-curve, without having to rely on by-product credits to artificially lower that cost per tonne. A project also needs to have reliable engineering cost estimates. A project needs to be of sufficient scale, in a location with a favourable environmental and political climate and deliver a high-grade end product. The Sonora Lithium Project is one of the very few projects globally that can deliver on all of these factors."
Totally agree addictnt.
Still it's not all bad as we're not desperate for cash at this stage and there is time to negotiate full funding. Just as as a PI it feels like this is taking ages!Just more patience required I guess!
GLA
No news on final financing until the technical review has been completed. This makes obvious sense, but still leaves the question open for up to another seven months.
The one thing I always find irksome in these announcements is the reference to the support of exiting shareholders (by that, I mean neither Hanwa nor Ganfeng). Despite similar assurances over many years, the one thing that hasn't happened is new money from existing shareholders; so, what will change? Indeed, as we all know, Black Rock have actually left the party.
Overall, I think this announcement demonstrates steady, measured and sensible progress, but there is still that significant gap hanging over the situation.