General Discussion Topics, page-124649

I disagree, i believe if NAL were to become cash flow positive and SYQ/SYA and PLL were to put forward a detailed timeline of events to Carbonate production then the Canadian Government may come to the party with some form of funding or we may see that woah-to-go offtake partner come along, although i do believe we are lacking little bit of the commercial expertees to completely cover all bases in from a risk perspective in creating the best value deal at the moment.

Although we dont want to use it, we do have a debt facility that can certainly be used to procure the lomg lead time items such as the crystallizer... which if you consider the 18-24 month lead time AND the 9 months it takes to install, commission and test it, then trial run it, you would have to see that purchase made around 1 July 2024... only 7 months away. If PLL can make some sales outside of their offtakes then they could petentially afford their 25% interest if we dont see those prices slide too much further.
The only thing i have yet to see from the strategic review is a solid commitment to the CY2027 deadline.
Remembering the retrofit is a 2 year undertaking meaning not all the capital would have to be committed at once. Its do-able... definitely.

We would most likely wait to make the FID until the Canadian Government or an offtake partner commits to funding, but we would need to present that absolute commitment to the Carbonate project to either of those parties and we would most likely have to ensure both members of the JV are there to present that case.

We cannot afford to delay this decision any further. Nemaska has a chemical project already... its Hydroxide. We are past the point of no return with Hydroxide. An extra billion dollars and two years establishment to be late to the party? PLL risks owning 25% of a flop and 12% interest in another flop if they they dont hold the other SYQ hand and take it to the party.

Get on with it.