Okay, I've watched the webinar a few times now. What stands out to me are DJ's remarks on the potential off-take and economics.
1)Economics: The market indicated that we could obtain a similar LCE price for our Lithium Chloride as if we were selling Lithium Carbonate, but without the costs and construction of a Lithium Carbonate plant. This means we can produce at a lower cost than our competition.
2) Customers: Potential customers who rely on Lithium Chloride have had to purchase Lithium Carbonate so far and then needed to convert it into Lithium Chloride. However, GLN's Lithium Chloride product could be directly sold to these customers, helping them avoid the costs associated with the Carbonate-Chloride conversion.
I love how DJ has built his new Lithium Triangle in the webinar (31:31min), explaining how Lithium Chloride customers can avoid the Carbonate-Chloride conversion by purchasing our product. Maybe this was the plan all along (which explains the delays, including those with Glencore): Wait for the export permit, which gives us access to these Chloride customers overseas. This allows us to also involve phase 2 offtake, putting us in a much better position for funding. GLTAH!
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