Re "Evaluation of other strategic investment options at the corporate or project level in the Bald Hill Mine with parties that take a longer term view on exposure to the Bald Hill Mine and the exceptional opportunities it provides through its extensive but underexplored tenure, high quality spodumene concentrates and the ability to scale up processing. "
Ok, so that sounds like either a equity investment in A40 or a Joint venture in the mine (ah the memories Of Tawana and Alliance J/V that we spent a fortune on merging).
At risk of upsetting @Thesi and the rest of the GXY posters I was thinking NMT may actually be a more suitable candidate, worthy of consideration by our management team. They are cashed up after selling their share of Mt Marion and ironically their share price is under pressure as there seems to be a perception they aren't doing much with their cash. Funny that.
Anyway, additionally NMT are looking at getting into Lithium refining with Kalgoorlie being a preferred location, nice and near to Bald Hill mine. They also recently signed an MOU to look into establishing a Lithium refinery in India.
So perhaps NMT would be a better strategic long term fit than GXY. Other than their money I don't see much that GXY has to offer.
All in my very humble opinion as always.
A40 Price at posting:
8.8¢ Sentiment: None Disclosure: Held
