Ann: Quarterly Activities Report, page-14

Hi myJGC, thoughts are once new MM plant in operation lifting 4%up to 6% MM will produce roughly 450k tonnes 6% year and 12.13% of that means we have a slight shortfall in feed stock.
NMT may be able to get some from Mount Edwards or Hannan should they find lithium but timescale to mine and process will not be fast enough for first stage Lioh plant.
They may be able to buy from another source or from Gangfen, unlikely from Gangfen as they will probably need all they can get.
If MIN sell to Gangfen or others then MIN buy back rights come 2020 are cancelled and as the shareholders of RIM have joint rights to 51% that would leave NMT as only shareholder of RIM so they may end up with full rights to 51%.
Is that correct if MIN sell is the question I’ve been asking in previous posts as I’m not sure if these rights do indeed transfer to NMT in such a scenario but strong feeling that they might.
If they do then every chance there’s a negotiation to be had with any purchaser of MIN and as NMT may not need the entire 51% to feed the first stage of the processing plant ie 10k tonnes they may agree a lesser amount say 20% but remember NMT have large area under option to allow the plant to grow in time and may wish to be able to double its capacity.
We know Ganfen raised or raising $1.5 billion to go shopping for lithium feed and as they know and own part MM and have take or pay deal in place it would seem the most obvious choice for them to buy MIN.
Only my thoughts on potential feed for the plant and dare say by the time they complete all studies to make an informed decision to build NMT will have found the feed required, failing which they may delay the build as they doubt they press ahead with Lioh plant that doesn’t make money, Loop.