Hi Dug,
IMHO the “at spec” announcement indicates that the entanglement between the Demonstration Plant and the DFS has been increased by DD.
02/11/2022Lilac Solutions demonstration plant delivers “at spec” product from Kachi project
First the “test work” has to reach “steady state” and then “the process” needs “to be validated by Hatch” and then the DFS can be completed.
Wonder how long it will take for the test work to reach steady state?
Wonder what the conditions are for “validation” by Hatch and how long it will take?
IMHO I expect that LKE will also need the MRE upgrade to support a good DFS outcome. The upgrade may need completion of the drilling assays and the report.
IMHO there’s a lot to do and a lot of time needed for the DFS to be completed.
And whilst that’s happening the cash gets burnt and maybe the Controlled Placement Agreement is drawn down upon again, further diluting the share price.
IMHO LKE could try a capital raise on the possible MRE upgrade announcement or perhaps they’ll opt for an interim PFS update to lift the share price to enable the same.
IMHO, If cash gets real hard to get, LKE may consider a joint venture to get this project over the line, with the usual effects on share price.DYOR
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