Ann: Presentation Noosa Mining Investor Conference, page-158

First 158 Last

Share
Profile

Follow
19stevo71

1,474 Posts.

172

12/11/22

23:29

Post #: 64738953
Share

Originally posted by DG4444: ↑

Hi Dug,

IMHO the “at spec” announcement indicates that the entanglement between the Demonstration Plant andthe DFS has been increased by DD.

02/11/2022Lilac Solutions demonstration plant delivers “at spec” product from Kachi project

First the “test work” has to reach “steady state” and then “the process” needs “to be validated by Hatch” and then the DFS can be completed.

Wonderhow long it will take for the test work to reach steady state?
Wonder what the conditions are for “validation” by Hatch and how long it will take?

IMHO I expect that LKE will also need the MRE upgrade to support a good DFS outcome. The upgrade may need completion of the drilling assays and the report.

IMHO there’s a lot to do and a lot of time needed for the DFS to be completed.
And whilst that’s happening the cash gets burnt and maybe the Controlled Placement Agreement is drawn down upon again, further diluting the share price.

IMHO LKE could try a capital raise on the possible MRE upgrade announcement or perhaps they’ll opt for an interim PFS update to lift the share price to enable the same.

IMHO, If cash gets real hard to get, LKE may consider a joint venture to get this project over the line, with the usual effects on share price.
DYOR

a

Expand

Wheres the dragons ?

LKE Price at posting: $1.12 Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

Reply

Top Stories

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

What's causing the cost-of-living crisis, and how to navigate it

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

M4M

Macro, Norden set up transport solutions initiative for West Pilbara

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t