…lilac will need to reach a lot further into its pockets:
“Lilac, after earning its interest in Kachi, will be expected to fund approximately US$50 million, equivalent to its pro rata share of future development costs - aligning innovation, funding, development, and production.”
https://lakeresources.com.au/wp-content/uploads/2021/09/lke_lilac-partnership_22-sep-21.pdf
That $50M figure now looks to be somewhere around five times that much, considering the “current” development costs.
How deep are their pockets..?
….interesting
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-117
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