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pier1

840 Posts.

79

11/02/21

23:47

Post #: 50915839
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Originally posted by boy1 ↑

To be honest, one thing we really should be highlighting, which I think is a big driver of the renewed interest in our lithium project and a huge competitive advantage to our peers is it’s not just that we will survive and make money if lithium prices hit the floor, it’s our access to over 550 skilled workers. Do not understate this.

It also keeps the gov happy as we are employing locals so it’s a double derisking characteristic.
A 4.5mtpa gold plant and operation needs 550+ workers, our lithium project is 2.2mtpa and from surface, so I’d guess we would need 150-200 at steady state.

Having access and a reputation for getting skilled labour is critical in Africa. We have this.

Expats will likely oversee the metallurgical side of things, locals will manage the rest I suspect.

We have the labour, we have the project, the money is on its way IMO.

2 funded projects are very likely to now be sitting in FFX very soon.

super exciting, I’m extatic atm.

still a few more runs to score but I’m 87 not out and going to take my helmet off and raise my bat soon.

Boy

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Just need to correct one point
Demerger of Goulamina means there won’t be 2 funded projects sitting in FFX
Slight technicality but carry on

FFX Price at posting: 26.0¢ Sentiment: Hold Disclosure: Held
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