Ann: Rincon 2,000tpa Li2CO3 Plant Construction & Works Schedule, page-58

Hi GC,

I completely agree, but it only shows what an excellent position we are in.

* We continue to produce with our pilot plant for Mitsubishi RtM
* Our fully funded Stage 2 will produce battery quality at a time of carbonate shortage
* The next 4 modules to reach Stage 3 can be built one by one if our customers allow it. In this case, further construction can be paid for out of current revenues.
* if our customers "force" us to increase to Stage 3 immediately, there will be a capital increase or a bank credit or advance payments from the "hungry" customers.
* the 4 more modules should not cost more than $60 million in total due to economies of scale. 150 million is nonsense, clearly too much.
* we will increase our resource even more through further drilling and area expansions (mine life).
* Tonopah will be developed with the full support of the enormous backlog demand in the USA. All IMO

Your comment: I am actually shocked at some of the “claims” I am reading from some companies, and of course the “response” by the market, in many cases, acting like they are a sure thing to simply upscale, build and commercialise.The mind boggles.

Completely simple: The stock market is a lot of dazzle, hope for the future, fantasy, lies, psychology and related things...Only rarely does the share price reflect the real value of the company.

And never forget: There are many, many clueless and naïve people who do not practice DD like you do.

DYOR
and best greetings from Old Germany
Greenfoxi