Hey La Tache, thanks for the summary. I've started to do some DD here but am really a bit lost on the whole plan...? Yes, lithium is the new hottest thing, I know all about that. But what is the plan for this company to produce..? Are they actually planning to build and operate a processing plant? That's a massive undertaking that requires some serious chemical expertise.. the team doesn't seem to be in place? You need experts to do this. Just look at the challenges even the big players are having.
Drilling, yeah great.. Amongst the majors, yeah great... What's the plan though..?! Are they hoping to prove up some resource and sell out to one of the neighbours who can actually produce..?
The presentations and videos I've seen so far are extremely light on content... "amongst the majors", "lithium demand is surging" blah blah..
I am also super suss on Promnitz. The same Steve Promnitz who blew how many millions in new Guinea with Indochine? That's him isn't it? That was a real mess that one... All talk, no delivery.
Please don't get me wrong, I'm not here to be critical - I am genuinely interested to find out what info I am missing out on, that seems to be making so many others here so confident that this whole thing has legs.. They talk about getting drill results then talking with offtake partners..? Jeepers, they don't buy brine! Someone has to actually produce either industrial or battery grade LCE product to sell to these customers!
Can someone please point me in the direction of some info that actually describes what the company intends to do re production and processing? It seems like a lot of hype at the moment, riding the coattails of the producers and the Li-ion battery storage / EV revolution...
Nice sp action btw, but I'm worried that my hard-earned might vanish just as quick if there is no substance behind all the vague talk!
Keen to hear some solid fundamentals; thanks in advance guys.
Cheers
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