RE: More lithium required?5 Feb 2019 12:51
For those wanting facts, I will be brief.We have established that the mine has a lot of Lithium of the hard rock variety and quality wanted for car battery production. The initial Jorc stated proven resources meant this mine is number 15 in the list of Hard rock Lithium mines in the world. Not that shabby imo.Since then results have maintained that level of quantity and quality.
Now we have a commodity much in vogue and verified as viable to mine. The question is do you believe it will be financed or not through to processing? I have a little knowledge of financing projects not in mining but for similar amounts and those far in excess. Question two is do you believe this mine will just be left dormant without funds being made available?
My experience tells me funds will be made available, the only thing is how that finance will be packaged and that will be agreed between the lender and borrower. Nobody can answer that definitely without full knowledge of insider information,which we will never get until the deal is done.
I also want to add for those concerned about the SP, arguments about will Kodal get finance or not from wherever only causes the price to go down.I am aware we have missed targeted times in the past but if people are genuinely worried about will this venture go ahead because of money. My answer is undoubted yes without hesitation.