RE: Price action29 Mar 2023 20:21
My understanding is the first trial in Texas is financially covered and is the all IMPORTANT one. If they can prove the technology works on a large scale, funding for Bolivia pilot plant will be at price substantially higher than today. Don’t think our American JV partner will have much problem raising the profile of the operation to potential investors if successful. Don’t forget our JV partner is listed on the Nasdaq and is valued at around $300 million, they are not a small company and this is important to them. They will see it as a HUGE opportunity to get into Bolivia, which has the largest Lithium resources in the world. So the question is…Buy now and hold for the Texas pilot which is about to happen? Or pay substantially higher if it’s a success (company very confident) if it proves to be a success? The window of opportunity is short, Texas pilot construction almost complete, with results expected two months or so after.