It's all quite simple.
The risk is whether or not the $200 mill can be raised.
It not it's all over.
If it's raised then the risks become:
Whether costs estimates hold up,
Whether the build is completed on time and budget.
If the funding is completed to satisfaction it indicates that those outlaying big $$$ have completed due diligence indicating that the probability is that costs will hold up and the build will be on time and budget.
CXO has no control over when the lithium price rebound commences.
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