The trading halt is requested pending an announcement to the market in relation to a furtherbinding offtake agreement. So most probably Stellantis, but I hope and dream it is NOT. Not this time anyway. Ill explain-If its VW or Tesla, it would mean Stellantis is probably still waiting in the wings.And with this next offtake either taking all the remaining capacity, or close to it, for Stellantis to still be in the picture, would mean we would require a substantial output upgrade. This is where Francis's comments of having to expand, accelerate, derisk, and our brownfield projects come in.With the brownfields, Insheim or Landau, a lot of the heavy lifting is done.The wells are drilled with existing flow of brine to the plant.From our April announcement-It took less than 6 months to design, build, and commission the Pilot Plant. So, an up scaled production plant for DLE, bolted to the existing Landau or Insheim, may take only 12-18 moths.With the info from @hvacgeek, also know that Landau is already planning another bore hole and DLE facilities, with production by Q3 2023.So put it all together... If this next offtake is Stellantis, all well and good. If not, it would mean an additional offtake, all our production gone, and would assure we would have to raise our production somewhere in the vicinity 0f 60,000 tonnes LiOh per annum.Which means we will have this offtake, then Stellantis and then probably a production upgrade, in quick succession. Then the DFS/BFS, incorporating all this, and blowing our previous PFS numbers out of the water!!!Once again, these are just my ramblings out loud and do not constitute advice. But, in my mind anyway, is not beyond the realms of possibility.
And tonight-
UNICORE. 28 - 42000 tonnes over the duration of the contract. Is that 5600-8400 tonnes/annum over 5 years?? Wow, didn't see that coming. Francis is full of surprises!!!Anyway, Stellantis is still in play.We will now HAVE to increase production estimates, to supply LG, RENAULT, UNICORE, and STELLANTIS/Total/Daimler. Looks like dreams can come true
Good luck everyone...
VUL Price at posting:
$11.56 Sentiment: Buy Disclosure: Held
