General Discussion, page-1085

My point was that it is Pam and EMH that have gone in a different direction from using LPD processes. EMH is sitting on the largest mica hard rock deposit in Europe, Strategic Metallurgy states they were doing work for them, they are obviously not continuing in this capacity. EMH and its partner CEZ energy don't want LPD technology( they would be well aware of what we can offer) for their Cinovec project, they are using SMS group based in Germany.

Yes the lithium market is very subdued and is possibly part of the reason why finance is now difficult to find for lithium projects, However there is also an underlying rejection of LPD technology as explained previously, and that Cornish lithium and Cinovec have a large financial commitment that has already been made.

You say Cornish lithium is only using part of LPD process, as far as I know they are intending to use LMax and LOH Max and producing the same byproducts as LPD intended to do. However if what you say is true they are only using part of the process then this adds more weight to the overall lack of confidence in LPD technology.

I will repeat myself again, the credit raise was also to provide 1.4million for due diligence for achieving debt finance, for P1 . They have said they will be pursuing finance for the mine upgrade first so they can sell beneficiated ore to Chinese converters, 2 of which they state are keen to do business. The finance was to come from the DFC . The DFC wont lend to us if we don't have a strategic partner for P1 who is not a foreign entity of concern, but we are not now devoting the 1.4million to seeking due diligence for debt finance for P1. so how are we going to get a strategic partner for P1 and gain finance from the DFC?

And secondly if did achieve this requirement why would the DFC then lend money to us to upgrade to mine to sell ore concentrate to the Chinese Converters who are foreign entities of concern?

As far as I can see they won't be able to develop some form of cashflow unless someone else lends then the money to upgrade the concentrator. That would possibly be the Chinese. Once they go in that direction the DFC will be gone, that is if they were ever really considering lending to LPD.