They do have stockpiles. Best thing about this announcement is it means the plan can be partly commissioned but we still earn revenue.
The deal with Possehl starts Jan 1. Meaning we can start drying and bagging in December and organise delivery for January. Payment terms are favorable, - we don't have to wait years for payment.
Still to come:
- Graphite Drilling results
- Field works results from Millies Reward, with defined drilling targets for 1Q drill
- Further off-take agreement?
- Actual confirmation of plant recommissioning
As a FYI - Peter was quoted as saying they aim to have a lithium mine up an running inside 3 year - http://australianminingreview.com.au/editorial/latest.html#page=64
She should run into Christmas!
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