While the reply was good the JCap paper did highlight some very large risks when it comes to that specific project. Huge construction costs, permits, drilling 5km deep wells etc. I am not sure if every shareholder realised that drilling 5km deep wells is not a walk in the park & has a fairly high chance of failure. If/when that happens will they need new permits for more wells?
To me this makes LKEs Kachi project much more attractive. Yes there are still risks but they seem minuscule in comparison.
While the reply was good the JCap paper did highlight some very...
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