Look at the break down they would need at least $40mill USD for capex..... all up we have 20mill AUD ($15mill USD)... and there would be $10mill USD from the chinese at ball mill stage.... we are still short $15mill USD.
The $9.1m for mining pre-strip, etc. can potentially be delayed....there does not appear to be alot of pre-strip needed.... but not a good idea.
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.... Maybe, the want to delay things until the 30 July 2018, so that they would be in a way better negotiating position. Who knows.....
If you look at CATL IPO (company was only founded in 2011), lithium is big business in china (same a solar panels a few years back) and there are many chinese companies trying to position themselves....
I think sinomines would lend us the money we need.... after all, they need the raw resources.
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