some of the posts on here. Compare, again, KDR and FFX:KDR SQM...

some of the posts on here. Compare, again, KDR and FFX:

KDR SQM JV deal, in Western Australia, 2017 when LCE was 140K USD+

FFX Ganfeng JV deal, in Western Africa, LCE at 89K USD:



The Mt Holland resource is almost twice the size of Goulamina and similar grade:


I think the deal is GOOD, all things considered.

ICYMI: Within two years of KDR-SQM deal:

valuing the project at $1.55B in 2019, when LCE was 75-80K.

Ganfeng is paying more than SQM did for a 40-45% share (depending on what share the Mali govt opts for) of a smaller resource in Africa with no downstream element AND is taking 50-100% of offtake for the Life of Mine (!) AND will organise debt financing if necessary.

Here's a chart of KDR following the SQM deal (grabbed from my earlier post regarding this). Shareholders wanted Martin Donohue's head on a platter in the short term. Fortunately Jacobin justice did not prevail.