Ann: Investor Presentation (Canary Networks), page-2

One of the most informative investor presentations i’ve Seen, going directly to addressing major issues..

In the short term, DHR plans to use a mixture of debt/equity capital raising to fund activities through the construction of a small-scale US$12 million, 50 tonnes per hour, DMS plant to produce spodumene concentrate from the 2019 third quarter. This would be at a rate of around 35,000 tonnes a year.

The price of concentrate is forecast to average US$800/tonne through 2025, with the plant generating cashflow and allowing the development of customer relationships, DHR says.

Medium term, they fish for a strategic partner to help fund a bankable feasibility study, develop a mine and processing plant.

Everything seems entirely possible and plausible.

The company appears to be gathering momentum, with the drill bit turning on the first lithium exploration target right now.

Hats off to DHR.