DFS is for paradox only, lots of timelines missed, option holders lost money, ex shorter joins the company so he knows how this works, and a clear move to try to distance us from China (smart move)
Water issues stopped the western plan in its tracks, the company said f that, bought some land and drilling in green river.
Great, good pivot, I applaud that while we wait for permits for Paradox.
Can the water issues stop GR; I don't know but it was great to see the recent interactions with the locals.
So here we are, the FEED is not for GR but for the engineering studies for Paradox, if you're in any doubt about that think about piping brine for 2 seconds.
Soon ASN will have a live well, feeding a live demo plant... with unknown ppms of Lithium. which we won't know for 3-4 months.
This is great, they will have access to real world data.
Then the next question becomes real, forget the DFS, they can use real data, how much to pump out enough brine to make xxx amounts of LCE
This is what I see happens, it will require a new study for the bankers, the DFS is for the other plan
ASN Price at posting:
9.1¢ Sentiment: Hold Disclosure: Held
