Finally i spoke to all five major banks in Australia and no one is ready to lend money to Lithium projects.
Yet these same institutions have been throwing money (they've borrowed from overseas mind you) hand over fist into a national housing bubble for over a decade.
Their comments were that all financials were being based on high lithium prices and the projects will not be viable if the pricing moderates which is expected by all in 2019-2020. Can some one comment what happens to Orocobre if this happens.
Why didn't you ask the banks when you spoke with them? Why come to HotCopper for the answer to that one? Trolling?
ORE Price at posting:
$2.94 Sentiment: None Disclosure: Held
