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50.5¢ leo lithium limited

Ann: Leo Lithium Provides Project Update, page-55

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yaschmidt

386 Posts.

1796

23/03/24

03:55

Post #: 73022393
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Originally posted by Jjjggg: ↑

Appreciatove of a generally positive update. Some open ends still to close, but all must come to a close in the coming weeks/months.

Key risks for me still open:
1) Tax and duties exemptions (potential for another $20-40m US unplanned costs)
2) Permitry and approvals for permanent power (now with government again, and have commenced re-assessing for approval. If delayed, additional cost to run on temp power for commissioning)
3) Mining code - still unclear what will come to fruition in this space - should be old code, could be new code)

Any other thoughts on key risks?

Expand

What percentage of the company will the Malian Government take in order to approve all permits and hand down the mining code to be followed?

Make no mistake, Mali will demand a share of the company. The only real question is, will it be 5-10%, or will it be 20-25%. Of course, this will be a negotiation, and might be THE negotiation ongoing. Hard to gauge how hardline the Malian Government will be.

Good luck. Hope they're reasonable, and let you get of the ground.

LLL Price at posting: 50.5¢ Sentiment: Hold Disclosure: Not Held
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