Yes, management have already held talks with Samsung who have their battery production facility located in Gratz Austria, only 45kms away from the mine. I would say that's a done deal and just waiting for the DFS to be released in March next yr before signing the contracts!
They won't be selling concentrate to China, so any off-take agreements will be at the higher end of market prices..... So resource is set to almost double to 12 Mt Lithium and mine life to be extended to around 22yrs, with a mining licence already issued and environmental licences 90% complete. Yet our shares remain constrained at around $95 million MC with less than 2yrs to first production well ahead of market favourite VUL. Assay results and resource upgrade due Oct 21 Metallurgy results and production costs Dec 21 DFS completed in March 22 Off take agreements Qtr 2 2022? Bank project financing 2022. First production 2023.
I have a 40c price target by March 2022 on this stock, which I believe would still be signicantly under valued!
EUR Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held
