Well..
LPM is (definitely) NOT going down CXO part which hasn't been favoured due to current Li prices, also very lengthy. Don't forget Bin still owns half of this company so FID won't be necessary.
PFS, DFS, FID they are all traditional lengthy steps so let's not talk about it. Instead, Canmax will pay 50% of construction/set up cost - all Bin/team have to do is, to get 50% loan - most likely from the bank/institution in non-dilution way.
Digging 100m+ down deep vertically for high grade juicy pegmatites which will go on truck to Darwin port, just 70km away. It'll be a lot quicker, most efficient, cost effective. In less than 2 weeks, they will be at Canmax's processing plants.
Timeline.. Well. I don't have a crystal ball to predict.
This team took us here years shorter than CXO.
By Q4 2026, Q1 2027, Spod price would get back to US$1500 or higher.
Probably when we'll see daily truck loads to from Lei to Darwin port.
It's not about how much resources you have found and declared.
How quickly you'll get production ready by 2027 matters and that's exactly what the team has been prioritising.
Well..LPM is (definitely) NOT going down CXO part which...
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