I'm sure Chris knows enough about spodumene processing to have already worked out the general suitability of the Renard plant with the necessary circuit modifications and additions. I'd say the biggest consideration at this stage is the logistics and costing of the transport of ore over the proposed 80km road and whether that is well and truly compensated for over a number of years of operation by the vastly reduced capex in not having to build anew at Adina. If the PEAs show a clear financial benefit along with reduced permitting risks and timeframe considerations I've got no doubt they'll proceed with the acquisition. Then we'll just hope the market will also see the company-making benefits and re-rate us accordingly (in a slightly improved lithium price environment)
WR1 Price at posting:
96.5¢ Sentiment: Hold Disclosure: Held
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