Interesting wording: "Lithium Australia is on track to approve the construction of a large-scale SiLeach® pilot plant (LSPP) early in 2018".
Yes, APPROVAL in early 2018, but none of the announcements has suggested any timeline on construction / completion. After the $$, timing is what people need to know!
Does "fund off own balance sheet" include, as per the 27 October announcement;
• cash reserves (currently >AS$10 million including cash equivalents)
• future government receivables in the form of R&D rebates, and
• contributions from proceeds of the off-take of lithium chemicals.
or is it now more cash based after the proceeds from sale of LPD shares (Otherwise I want some details on expected off-take proceeds)
(Tried, but couldn't open linked presentation tonight... probably bad bandwidth while travelling)
LIT Price at posting:
23.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)