LMG 3.45% 3.0¢ latrobe magnesium limited

general discussion, page-2189

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    They can secure conditional financing. That is, finance subject to certain demo plant performance metrics.
    LMG started the recruitment process back in April for the 3 shifts. We are now past mid july so 3 months along I would expect they should have most of these people in place if they know how to recruit.

    They have lots of work to do for stage 2:
    • Finance handled by Societe Generale, though accordding to DP funding is sorted.
    • BFS by Bechtel
    • JORC by LMG
    • Approvals by LMG
    • Selection of site for stage 2 by LMG though I think they are expanding the BFS to evaluate the 3 location options.

    Can't see how they can obtain approvals without a firm decision on the site.
    Last edited by tropic: 19/07/24
 
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