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I think so too. "- Following the successful completion of the...

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unicrumba

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04/11/16

20:31

Post #: 20386766
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Originally posted by the squash ↑

The LOI with lionenergy gives it away I think

- Lionergy will be Altura’s exclusive agent in China with respect to the proposed financing, and the parties have agreed to work together to ensure the most appropriate funding arrangements are achieved for development of the mine in the near term.
- The LoI is non-binding on the parties until the successful completion of an acceptable funding Terms Sheet. Altura is already working with other global debt and equity groups and the Company believes a combined offtake and funding outcome would be favourably received by other potential funding providers
- Following the successful completion of the funding, the LoI also allows for Altura to progress discussions to invest in Lionergy’s planned lithium carbonate processing plant to be constructed in China. Lionergy’s lithium carbonate plant will be a significant customer for Altura’s spodumene concentrate, and its construction would be timed to be completed to align with Altura’s commencement of operations at its Pilgangoora lithium operation.
-Investment in the lithium carbonate plant would allow Altura to benefit from the significant margins being achieved in the downstream processing of spodumene concentrate, and ensuring its future competitiveness in the industry into the long term

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I think so too.

"- Following the successful completion of the funding, the LoI also allows for Altura to progress discussions to invest in Lionergy’s planned lithium carbonate processing plant to be constructed in China."

I think both parties have a very good understanding of where this will be in 12 months time...finding the right Business Partner is more important than finding the best deposit of a given resource

AJM Price at posting: 12.5¢ Sentiment: Buy Disclosure: Held
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