General Discussion, page-1304

But what is Mt C making now?

GXY alone would be going from lithium producer back to lithium developer. That is not an attractive proposition for company valuation. Good luck with a significant capital raise at the lows and no meaningful experience in brine operations. Even if James Bay permitting was 6-months ahead of where it ended up there would still be a transition period.

The merger was the right move. Pretty much the worse case here is some projects get delayed or sold. The company is still in a strong financial position with conservative management that is unlikely to put the company at risk of going broke. That’s the most important point.