people around here have gone completely bonkers...acting as if...

people around here have gone completely bonkers...acting as if there has been a discovery, when all it is is an announcement of a joint venture.

do they know what the elements of the joint venture are?

fact: there are no minimum expenditure requirements before sqm could withdraw...(you usually find that by paying, in this case $350,000, for past expenditure relieves them of any obligation for a minimum expenditure)...they could spend a quarter or half a million in 6 months and walk away, effectivelly killing the leases dead for all commodities.

if sqm have the right to all minerals there really should be an obligation to spend a minimum on those other minerals besides lithium, otherwise when they withdraw it would leave tmb in the position of having to explain to shareholders why the tenements still have any value for those minerals which were not given a fair go.

the fairy tale here is that sqm's credentials somehow make the ground more prospective for lithium, it's not, they have to go through the same process as anyone else, and have the same chances of coming up with nothing.

example: rwd obtained a jv with fmg over mckay range with a minimum spend of $400,000...no body said what they were even looking for...and fmg walked away after about 40 months after apparently finding little to nothing and releasing very little data to rwd shareholders...lets see if sqm tell tmb shareholders anymore...this is the perogative of majors...they dictate terms because they expect you to grovel for their patronage... i know because i have been on the receiving end as a minor in jv's.

this is the reality of jv's...people have money to spend because they have had some success...not because they are any better at picking good ground (they cant turn shit into good ground just by being there), and by choosing ground they are not necessarily choosing the best ground, they are only choosing what is available. if it was the best ground then tmb would be in a position to dictate a significant minimum spend and how the money is spent.