WR1 General Discussion, page-30888

Some levity in a broken market.

Mid march Reg Spencer was on Money of mines. he discussed capital cost from lithium production being the impediment with production for Greenfield projects.

Last night i listened to the discussion about PLS and the economics of 2mt of Sc5.2%. A large talking point was the capex consideration for profit.

Lets look at Renard, 200mil seems to be the number by CE. 240 by Canaccord. Knowing CE is ultra conservative ill take the 200mil which includes the road.

With a 200mil Capex expense, Wr1 can afford a quick or slow ramp up due to supply scarcity in North America. Its a Governmental requirement that Sc production is done in North America, there will not be a reliance of China. I expect deals to be done with floor prices that guarantee profit. Renard removes that Capex issue that faces every new greenfield play.

Ride the waves, we will be fine.