George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Interesting to here the mention of Lake Wells. They do have a MOU with australian potash who have the lower half of this lake, but an interview with Matt Shackleton recently he doesnt mention anything about this, they appear to be carrying on their own https://www.youtube.com/watch?v=4AozFfZn3hw
Lake Wells has high level of SOP. The Capitalization is A$37million so a lot less. It will be interesting what happens there.
Trigg Mining also looks interesting with a high level of resource just 50km to the south and sits nicely on the Great Central Road with a gas pipeline. Market cap A$5.7million.
It will be interesting to see how this all goes. Room for some consolidation??
Thanks to you both for confirming. Had some problems understanding the Aussie accent this time haha.
And very interesting that he mentioned the possible next lakes. Lake Wells and Lakes Ballard and Lake Marmion. For Lake Way, there is already a scoping study out and as for the other lakes, there is a land bridge that makes it possible to harvest from two lakes and maybe just needs one plant. That could be quite advantageous I guess.
Yes and mine he was clear on that point also in the vox interview today :)
That's my interpretation of what he said CommodityScrenr, yes
Thanks for the links. Did I get it right that Tony saying that they already knew that the debt money weren't enough to fund the project until the first sales and that's why they initially planed to sell a royalty of the project? But this royalty option was to expensive and would have obstruct his plan/vision to build 3 lakes in 5 years? Thats why they went with the equity option to continue looking/working on other lake projects?
Thanks here's a direct link to the proactive one plus a vox one from today too:
https://youtu.be/lHqiEVlYKTA
https://audioboom.com/posts/7650808-salt-lake-potash-intelligent-ultrasound-riverfort-global-opportunities-chris-bailey
https://twitter.com/proactive_UK/status/1291316598951772160?s=20