The deal is an indication of the interest and profitability in the lithium sector by huge companies (as with PLS’s POSCO deal).
I would replace your use of the word couldn’t with haven’t. High levels of investment are just starting to be executed. PLS is a great example with its hard rock deals, as is all of the cloak and dagger noises coming from South America with SQM, ALB, FMC, Tianqi, et al.
The sale of the northern tenements doesn’t interfere with the GXY’s DFS’d project, as per the exert that I posted before. JP Morgan is contracted to work out the best deal from all of the interested companies and i’ve heard on the grapevine that the whittling is down to around 5 choices (not sure if this is substantiated). GXY just got 60% of the total capex for the planned project in a non-binding agreement (risk). I’m not going to post anymore, because i’m not trying to cross promote, just respond to comments to help educate. You are welcome to tag me in a GXY forum post if you want further comment.
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