Member Info for CRK22

Route to production is derisked now IMO there's a market right on the doorstep and Li carb and hydrox have been shown to be viable. Vertical integration supply into battery supply chain is a big yes.

Remaining risk is due to the loss of majority control so we wait and see but now its in noones interest to block a route to production.

I'm underwater here since investing so would appreciate some sustained slow uptick from here

GLA

I think they may be careful in choosing the moment of their return James.

Eroded is the feel of the current position though I am less wound up on timescales than I am on general management of newsflow.

When underwater either keep waving one's arms or continue to cling to some floating debris.

Xmas feels a long way off...

Cheers Ant 2021/22 far more in line with what I'm looking for. I believe the boom will hit Li capacity bigtime and 2023 will be an interesting year.

Never been sold on predictions from charts but hope you are correct wolfenstein. Surely the chart just shows you what has happened and from each new data point the next on CAN go either way?

According to the sourced link apparently the final FS has not.

5 years to extraction seems an horrendously long time however. I'm hoping that's wrong.

Fingers

This bit

"We are going to need a lot more battery metals in three to four years. Right now we've got oversupply. There will also be a quality problem as well. If you can produce the highest grade you're going to be fine. But we've seen time and again new producers have real difficulty satisfying consumer demand," he said.

Quality will be king and will lock in long term offtake partners and a price premium on the product IMO. Good insurance if EMH find it difficult to get the conversion side of the equation up and running providing they have the quality and if EMH actually manage to tack on conversion capacity then better again as product is crossing trade boundaries fewer times from mine to car.

time will tell

lol at the last post. Tickled me - no offense sxxswe.

Both arguing at different ends of takeover spectrum tbf so no need to get het up. Most if not all of us are underwater to one degree or another so each of us will be tense to some degree.

FWIW oversupply in Li space is based on poor quality material and this side of the market is yet to play out. Once the sample analyses , processing of bulk etc is done and FS issued the picture will become more clear.

If we are fortunate enough to find ourselves sitting on a quality resource this will attract customers and a premium for our product and we'll find ourselves lamenting any fixed price OTA and counting the days...

Just counting the days to each news release atm.

Cheers and good luck all

Does that include ten quid for the trade Daz ;)

06:01 good link fingers - thanks

That's very encouraging in terms of an organisation lining itself up to ensure board members and management are all focussed on reaching long terms goals and gives me confidence in getting to production into the Li supply chain

keeping everything crossed

Agree Daz, EU can't and won't let global sustainable economy be dependent on China. Can't see it happening long term - my take is China will rule the roost while battery uptake curve heads north but there has to be a point of inflection where EU takes steps to safeguard battery independence.

It will all be down to timing IMO - things are definitely ghoing to hot up in the Lithium space in the next few years. Exciting times

Not an horrendous spot by any stretch Roo and I hope it pays off handsomely obvs.

I believe (for whatever belief is worth) that we'll get back around that average early next year but lets see what the closing weeks of 2019 have to offer.

GLA

Topped up Roo?

;)

Fingers,

All that needs to be tempered by understanding where the Capex is coming from and what debt burden vs dilution it might cause. Capex to projected NPV ratio can give a good starting point at the profitability of the venture to "the company" but funding impact on dilution and interest payments etc will dictate how much of the company we still hold when we get to production.

I'm invested but not clear on these points at present I have to admit

INI Bernard's personal life is his own concern.

;)

Joe,

10 year view on that looks to me like its around the level its likely to stabilise at ie its off the floor but I wouldn't bank on a further sustained climb even though I would welcome it. Again to echo your sentiment wtfdik either?

Remember FJ exciting news next year leaves up to 364 days of misery preceding... ;)

Cheers for the follow up INI

I've topped up today to average down so I wouldn't read too much into the buying lol. However hubris though it may be, there was something about BA clip posted by sorb yesterday that made me stop and think. The production capacity BA was talking about would reduce the life of mine significantly based on indicated resource and so its my feeling there is an internal confidence in indicated resource which if included along with inferred puts LOM above ten years again turning over more cash along the way. That's what has convinced me to put my hand back in my pocket.

Turkey for Christmas or turd sandwiches ? Time will tell.

How so Ini

tbf a quick check reaveals Rolls Royce merlin engine has 14000 parts. Sorry Lawrence I sometimes get lost in the hubris

mrcautious don't let that get in the way of Lawrence's evanglism. That also struck me as a ****load of parts...