RE: Luansobe - Ready for Production6 Jul 2023 16:27
Luansobe the game changer
Once luansobe goes into production this provide us with a dominoe effect for the other projects, the expected cash flow will be enough to pay for all the other projects and indeed project finance for any mines that need to be built, if you look at PREM they have just built a processing plant for lithium for about $40mill, this would be achievable for GLR if luansobe is in production as it would supply us with enough cash to go alone on this project.
I really hope that Mr CB is looking to make GLR a long term miner that's in production, we are close to having 3 projects bringing a substantial amount of free cash flow for the company, we would hopefully also have the option of building something in the Kalahari which could easily be substantial.
It's a game changer and by bringing in luansobe into production we negate the need to raise cash through equity, indeed once luansobe is in production we would be able to leverage this asset if needed for future monies for future build outs.
Can't wait for this tbh