General Comments & Banter, page-7058

I wouldn't expect an OT anytime soon. We're lucky (for many reasons) we got out of the original one otherwise we'd be being sued for lack of supply for 5 months and counting. Its costing us between approx $150-200k (lost revenue & operational costs) per week while not producing saleable product as it is.

While our pilot plant has a capacity of say approximately 10T per week some of that is going to be industrial grade. We will need two markets; one for battery grade and one for industrial grade or someone that will take both. No one makes 100% battery grade not even us.

I'm a realist given my Engineering background so I've always understood things could be more difficult than "Battery LCE in March 18". Given JZ has had to swallow a big reality pill I'm thinking it may go something like this:

The industrial plant will be initially used to prove up metrics of a PEA
The PEA will include some better drilling results and hopefully more land if they can get it
The PEA will (or should) solely focus on stage 2/3 and/or stage 3 alone
We get a partner for one of those options who also takes whatever spits out of the pilot plant

Still have faith just wish a more realistic approach had been taken. Fasting tracking digging holes is easy fast tracking complex processes not so much.

amho