I agree.
finance via offtake is best. Failing that the best and most likely option is a combination of Offtake, equity and debt. And given the low capex of $85 mil this should be easily achievable, particularly in the current lithium climate.
I guess what I was getting at is: for an option to exist where, SHOULD CXO want to, they COULD finance the project with equity alone... that’s a helluva position of strength to be in. It’s quite an enviable position to be in.
I don’t think it’s the likely nor most ideal option, so am just thinking of it as a last resort or a backup plan.
But having such a backup plan is quite the luxury. There would be company’s out there who would kill to have that as a first option! Haha
GLTAH
Banter and general comments, page-200
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