Hey SB, HME equipment for a quarry doesn't come for free

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27/05/22

18:33

Post #: 61670547
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Originally posted by SplitFusion: ↑

All great points as usual - here are a few comments back.

The first thing that struck me about your post is one
So somehow I can't simply believe it is ALL just on account of the requirement to ' Blend ' other ore grade inputs in order to get more or less the same result as before.

I feel like there will be a lot of changes prior to the DFS, I was thinking the exact same thing. Without spending any money at all and not blending anything from another source and prior to bankruptcy the previous owners were able to produce 114,000 tpa (from memory) and if prices had not fallen through the floor they likely would have been able to achieve the nameplate of 180,000 tpa without any other help, so I REALLY think this was watered down.

I think they will utilize the existing "bones" of the carbonate plant, I have watched several videos with Brett and attended several live (via zoom) events with Guy and they both have indicated the desire to complete this project on-site. As far as permitting goes, it could be a renewal of the permit, or it could be that in completing the plant that the end product becomes hydroxide which may impact the existing permit, or it could be an increase in throughput from the original. One other thing that struck me is the timeline, From beginning to first production seems short, as in maybe partially complete vs starting from scratch. Here is the timeline they gave, I am also including the timeline given by piedmont for their LIOH-2 plant which is a greenfield build.

I get the feeling that Moblan will be a monster of a resource. They certainly are putting a lot of cash into proving it up (another 25 million from the CR)

Lastly - Authier has been labeled a quarry and most of the infrastructure of the original plan has been removed. I am curious why they have allocated 35 Million to develop it? I am assuming more drilling, but there is more being allocated here than even Moblan, so there must be some thought that this is got more potential then they have let on.

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Hey SB, HME equipment for a quarry doesn't come for free

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